In 2024, the EU set a target of achieving an annual injection capacity of 50 million tonnes in the EU’s geological CO₂ storage sites by 2030, with the aim of supporting carbon capture and storage projects, reducing industrial emissions and increasing the availability of such storage sites in Europe. The published report shows that significant […]
The Commission is providing EU countries with practical examples of how to tackle the energy crisis
The Commission continues to support EU countries in addressing the impact of the energy crisis stemming from the conflict in the Middle East. It has published a catalogue of national practicesthat can help EU countries reduce gas and oil consumption, cut costs and generate immediate savings for households, businesses and public administrations. These measures can […]
Oil and gas coordination groups take stock of the situation in the oil and gas markets
Experts from the European Commission, EU member states and the International Energy Agency (IEA) met today in the Gas and Oil Coordination Groups to discuss the state of the EU’s gas and oil supply security in Europe, as the conflict in the Middle East enters its third month. The Gas Coordination Group confirmed that the […]
The Commission is proposing measures to protect Europeans from the fossil fuel crisis and accelerate the transition to clean, domestically produced energy
For the second time in less than five years, Europeans are paying the price for Europe’s dependence on imported fossil fuels. AccelerateEU is the Commission’s toolkit designed to provide immediate support to European households and industries, particularly the most vulnerable, whilst putting Europe on a steady path towards energy independence. Since the escalation of the […]
The Commission is urging EU countries to start preparing for winter amid energy disruptions in the Middle East
In light of the market volatility caused by the conflict in the Middle East, the European Commission is urging EU countries to begin the gas storage season and make preparations in a coordinated and timely manner ahead of next winter. The EU’s energy supply security remains safeguarded at this stage thanks to its low dependence […]
Commission and IEA take stock of oil markets and measures to restore long-term stability and lower prices
In an extraordinary meeting last March 18, the International Energy Agency (IEA) Governing Board took stock of the latest situation on oil markets and its effect on prices and security of supply. In the discussion, the Commission welcomed the IEA-coordinated action to make around 400 million barrels of oil available to the global market to offset losses in supply and to instill stability. It has been […]
The Commission and EU countries coordinate and assess the situation on the oil and gas markets
Atseparatead hocmeetingsof the Gas Coordination Group and the Oil Coordination Group held yesterday, the Commission and EU countries coordinated and assessed the situation regarding the security of EU gas and oil supplies in view of the ongoing disruptions in the Middle East. During the exchange, EU countries confirmed that they do not see any risk […]
EU agrees to permanently stop Russian gas imports and phase out Russian oil
The European Union will effectively and permanently stop the import of Russian gas and move towards the phaseout of Russian oil under the provisional political agreement reached by the European Parliament and the Council last December 3. This historic decision will end the EU’s dependence on an unreliable supplier, which has repeatedly destabilised European energy […]
Council agrees its position on rules to phase out Russian gas imports under REPowerEU
The Council today agreed on its negotiating position on the draft regulation to phase out imports of Russian natural gas. The regulation constitutes a central element of the EU’s REPowerEU roadmap to end dependency on Russian energy, following Russia’s weaponisation of gas supplies and repeated disruptions of gas supplies to the EU with significant effects on the European […]