European Union Agrees to Mandatory Gas Storage Amid Russia Fuel Shutoff

The 27-nation European Union (EU) came to an agreement on Monday that all-natural gas storage should be filled to at least 80% capacity for the upcoming winter in preparation for the potential that Russia could further reduce supply.

In a statement, the EU Council has adopted two proposals that tackle the EU’s climate transition under the ‘Fit for 55’ package specifically on its energy aspects.

Starting August, imports from Russia specifically coal will now be prohibited.

Oil will also be subject to an embargo over the next eight months.

With the ongoing war between Russia and Ukraine, the EU is attempting to reduce its reliance on Russian energy and find alternative sources.

During a summit last week in Brussels, the heads of state and government decided to speed up preparations for future gas cuts from Russia and to keep looking for alternative sources.

Deliveries to the EU from the United States, Norway, Algeria, and Azerbaijan have already surged.

Those EU members who don’t have storage facilities, the regulation stipulated that they can store 15% of their annual national gas consumption in other member countries.

This arrangement with EU members who don’t have storage facilities would allow them access to reserves in the EU nations.

According to the EU Council, Cyprus, Malta, and Ireland received exemptions because they were not directly connected to the gas systems of other countries.

The EU Council also stated that filling responsibilities will terminate at the end of December 2025.

The Council also decided to increase the share of renewable energy sources in the bloc’s energy mix from the previous aim of 32% to at least 40% by 2030.

In addition, all EU member states were now required to meet a 9% reduction in energy use by 2030.

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