EU Institutions Tentatively Agree To Fill Gas Storage Up To 90% Ahead Of Winter
Sumaira FH Published May 19, 2022 | 06:54 PM
The Council of the European Union and the European Parliament provisionally agreed on Thursday to fill gas storage up to 90% ahead of the next winter season to minimize energy security risks
MOSCOW (UrduPoint News / Sputnik - 19th May, 2022) The Council of the European Union and the European Parliament provisionally agreed on Thursday to fill gas storage up to 90% ahead of the next winter season to minimize energy security risks.
"Underground gas storage on member states' territory should be filled to at least 80% of their capacity before the winter of 2022/2023 and to 90% before the following winter periods," a statement read.
This obligation will be limited to a volume of 35% of the annual gas consumption of member states over the past five years to avoid a disproportionate impact on EU nations with significant storage capacity.
The 90% target will count in liquefied natural gas and alternative fuels stored at the facilities. Member states that do not have storage facilities will have access to reserves stored in other member states.
The EU will certify storage system operators to avoid the "potential risks of external influence" on critical infrastructure. Member states will have up to 18 months to certify facilities. Uncertified operators will be forced to give up ownership or control of storage facilities.
Related Topics
Recent Stories
President Raisi leaves for Iran from Karachi
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 24 April 2024
Today Gold Rate in Pakistan 24 April 2024
Punjab CM inaugurates Pakistan’s first Virtual Women Police Station
Dutch model Donny Roelvink embraces Islam
Experts raise concerns over introduction of 10-stick packs
Iranian president arrives in Karachi
Law Minister expresses Govt's resolve to address issue of missing persons
Rizwan’s batting order may be changed: Sources
Nawaz Sharif to visit Guangzhou exhibition in China
FM Dar not traveling to China: Foreign Office
PM takes notice of deliberate delay in tax cases
More Stories From Business
-
Foreign exchange rates
17 minutes ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 24 April 2024
1 hour ago -
Today Gold Rate in Pakistan 24 April 2024
2 hours ago -
Afghan trade delegation, FPCCI discuss bilateral trade
12 hours ago -
With knowledge economy, Mauritius is a stable economy: Envoy
13 hours ago -
Aurangzeb reiterates govt's resole to reduce poverty, promote sustainable development
13 hours ago
-
Finance minister meets Chairman Anjuman-e-Tajran; discuss issues of business community
14 hours ago -
Govt ensuring digital access as fundamental right: Ahsan Iqbal
14 hours ago -
WHO delegation calls on Chairman FBR
14 hours ago -
Bill drafted to regulate veterinary sciences and animal welfare: Tanveer
14 hours ago -
General Motors lifts 2024 profit forecast after strong Q1
15 hours ago -
Pakistan aims to reach $3 trillion economy by 2047: Ahsan Iqbal
16 hours ago