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 […]
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 […]
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 […]
Parliament and Council seek bringing down prices of gas
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 […]
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 […]