MEPs and the Polish Presidency of the Council reached an informal agreement on Tuesday to extend the EU’s 2022 gas storage scheme until 31 December 2027, as it would otherwise have expired at the end of 2025. The provision is designed to ensure gas supply security ahead of the winter season. MEPs and Council also […]
EU to fully end its dependency on Russian energy
The EU will end its dependency on Russian energy by stopping the import of Russian gas and oil and phasing out Russian nuclear energy, while ensuring stable energy supplies and prices across the Union. The REPowerEU Roadmap, presented yestraday by the European Commission, paves the way to ensure the EU’s full energy independence from Russia. Despite […]
MEPs advocate storage refill flexibility to bring down prices
The draft law adopted on Thursday seeks to address speculation on the gas market and bring down prices, by introducing greater flexibility in rules on gas storage refilling. The Industry, Research and Energy Committee has backed the Commission proposal to extend the EU’s 2022 gas storage scheme until 31 December 2027; it was otherwise set to end […]
Council approves gas and hydrogen market package
The Council has adopted a regulation and a directive establishing common internal market rules for renewable and natural gases and hydrogen and reforming the existing EU gas legislation. The new rules will help make the shift to renewable and low-carbon gases, in particular hydrogen, in the energy system, with a view to achieving the EU’s […]
15 EU-funded projects showcase renewable fuel technologies
Transport fuel is one of the largest sources of greenhouse gas (GHG) emissions in the European Union (EU). In line with the European Green Deal’s goal of achieving climate neutrality by 2050, 15 EU-funded projects use renewable fuel technologies that will support the transition to clean energy in the transport sector and contribute to the […]
European Commission launches AggregateEU mechanism for joint gas purchases by European companies
The Commission launched an innovative process for European companies to register their gas procurement needs through the AggregateEU mechanism, in preparation for aggregated gas procurement at EU level. This is an important milestone for the EU, allowing it to prepare for the coming winter by coordinating a timely replenishment of gas stocks and using its […]
Council agrees on mechanism to limit excessive gas prices
EU energy ministers reached a political agreement on a Council regulation that sets a market correction mechanism to protect citizens and the economy against excessively high prices. The regulation aims to limit episodes of excessive gas prices in the EU that do not reflect world market prices, while ensuring security of energy supply and the […]
First high-level roundtable on joint gas purchasing
The European Commission convened a high-level industrial roundtable to support the work of the EU Energy Platform in further advancing on joint gas purchasing which is due to kick off in 2023. The meeting follows the adoption by EU Energy Ministers of the Commission’s proposed Regulation on enhancing solidarity through better coordination of gas […]
Commission proposes a new EU instrument to limit excessive gas price spikes
the Commission has continued its response to the ongoing energy crisis by proposing a Market Correction Mechanism to protect EU businesses and households from episodes of excessively high gas prices in the EU. This complements measures to reduce gas demand and ensure security of supply through diversification of energy supplies. The new mechanism aims to reduce the volatility […]