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Intermediate gas storage filling targets for 2024 announced

The European Commission announced intermediate gas storage filling targets that EU Member States are required to meet in 2024 to reach 90 per cent of gas storage filled by 1 November 2024, as required by the EU Gas Storage Regulation.

Intermediate and binding targets are set for 1 February, 1 May, 1 July and 1 September 2024 for EU countries with underground storage facilities on their territory and for EU countries that are connected to their market.

These targets are the minimum thresholds that EU Member States need to meet to ensure the security of supply with refilled storage facilities for winter 2023-2024. They would ensure the availability of additional gas for heating in winter and in case of unexpected high demand or supply disruptions.

The Gas Storage Regulation was agreed in June 2022 and has been instrumental for EU Member States to re-fill their gas storage facilities since then. This year, EU-wide gas storage facilities were filled to 100 per cent by 1 November 2023, exceeding the target of 90 per cent.

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