European Parliament Approves Gas Storage Plans| MENAFN.COM

Friday, 09 December 2022 03:29 GMT

European Parliament Approves Gas Storage Plans


(MENAFN- Kuwait News Agency (KUNA)) BRUSSELS, June 23 (KUNA) - The European Parliament Thursday backed a legislative proposal that sets a mandatory minimum level of gas in storage facilities in EU countries at 80 percent by 1 November 2022 as a response to Russia's war against Ukraine.
The target will be 90 pct for subsequent years to protect Europeans from possible supply shocks says the text adopted in Brussels with 490 votes to 47, and 55 abstentions. It highlights the need for EU countries to diversify gas supply sources and boost energy efficiency measures.
Under the regulation, gas storage facilities will become critical infrastructure. All storage operators will have to undergo new mandatory certification to avoid risks of outside interference. Operators who fail to secure this certification will have to give up ownership or control of EU gas storage facilities.
The proposal must still be formally adopted by the EU Council of Ministers before it becomes law, after which it would enter into force in July.
'The regulation is the answer to the current situation. Gazprom is using energy supply as a weapon so we've got our protective shield', said
Polish MEP Jerzy Buzek who is leading the Parliament's negotiating team with the EU member states. (end)
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