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EU Relaxes Gas Storage Goals Amid Conflict, Price Spikes

Published 1 week, 5 days ago
Description

EU Energy Commissioner Dan Jørgensen urges flexibility in gas storage goals amidst rising global energy prices and potential supply disruptions. He suggests lowering the target from ninety to eighty percent capacity and extending the deadline to December. This comes after a harsh winter left reserves at a multi-year low, and officials worry about tighter supplies due to regional tensions and global price volatility.

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