EU Countries Seek 'Solidarity' Fix to Urgently Fill Gas Storage

In March, the European Commission proposed EU countries be required to fill their gas storage to at least 80% this year and 90% in subsequent years, a proposal worrisome to EU countries lacking their own gas storage sites.

Kate Abnett, Reuters

EU countries are wrangling over how to rapidly fill their gas storage ahead of next winter and share the burden of quickly buying large stocks at current sky-high prices.

Europe is facing a race to build a buffer of stored gas ahead of winter to help cope with potential supply disruptions and reduce the leverage of Russia. The country remains the EU's top gas supplier even as Europe plans to phase out Russian fuels because of Moscow's invasion of Ukraine.

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