EU wants gas storage topped up to curb reliance on Russia
ABC News
The European Union’s executive arm has proposed that all gas storage facilities in the 27-nation bloc are topped up to at least 80% capacity for next winter
BRUSSELS -- The European Union's executive arm proposed Wednesday that all natural gas storage facilities in the 27-nation bloc are topped up to at least 80% capacity for next winter as it seeks to reduce its reliance on Russian energy in the future.
On the eve of a two-day summit of EU leaders, the European Commission said the bloc must quickly revamp its energy policy before next winter and another price crisis leaves millions of EU citizens with bills they cannot pay.
However, energy experts say filling reserves when the natural gas market is tight will mean higher prices for consumers.
EU leaders have already vowed to wean the bloc off its dependence on Russian energy by 2027, but tangible measures still have to be put in place. On top of mandatory high storage levels, the commission also wants EU nations to agree to the joint purchase of natural gas and liquefied natural gas that would be similar to its system of buying COVID-19 vaccines in huge quantities for equitable distribution.
