The EU plans to relax gas storage targets for Member States

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The EU plans to relax reliance goals for the gas storage targets for the countries, because it is trying to reduce market violations that distinguish between countries.

This European Commission On Wednesday, the countries said they want to give, like the assumptions that the assumptions could not reach the binding target this year, when and how much comfort.

“With the support of the commission, more flexible filling trajectors can reduce system stress and prevent market distortions to prevent market distortions, better purchase conditions and supply safety support,” the commission said. Did not provide more information about their plans.

Storage gas reduces market volatility, such as an important bunch of buffer for blocking in the winter months, when the requirement is highest. The EU prevented Russia’s minimum target of 80 percent of a country in 2022 after Ukraine’s full occupation of Ukraine and 90 percent of the year after this.

But traders warned that politics violated natural gas The market is pushing prices in the summer and destroy the collection of gas this year.

Traders say they contribute to the perverts market to take the regulation at the same time.

“In fact, the regulation applicable to protect the next winter market has actually distorted the market before,” a trader said.

This winter, combination of cold weather, the production of low electricity from the wind Loss of gas to the Russian pipeline The region has been to take more than the maintenance of Ukraine since the new year, relative to previous years.

Natural gas in Europe, when the demand is low, it is historically to be cheaper in the summer. In the past, a promotion to buy and maintain gas to merchants, then the winter summit provided a profit in a profit during the heating season. However, this year, the need to buy more gas to meet the EU’s goal, caused an anomaly in the market where summer gas prices are higher than in winter.

This, because this year’s “true headache”, because this year’s “no money to put money to keep gas”, Laura page, gas and LNG concept manager reported in KPLER.

Summer gas prices have been rewarded since today, according to the price agency, the highest level reached more than 6 euros until the highest level of Meqawatt.

The EU gas warehouse was 40.3 percent from Monday, and more than 20 percent of the last year. “If you look at the existing market conditions, the EU is likely to fall to 90 percent,” he said.

Like Austria and the Czech Republic, some countries have individual storage targets for their average consumption, which are tend to fall. However, in these low goals, the summer price award was “a large number of uncertainty”, David Luff, the General Manager of Analytics and Argus, he said.

In Germany, which is a law forcing 90 percent of the depot to fill in November 1, more than half of the storage capacity from April 25 was not kept below.

Summer prices have previously risen in 2022 through winter prices in 2022 in the energy crisis. Traders were refused to buy gas for storage in the warehouse, and in some countries were demanded by government intervention.

In Germany, transmission system operators, on behalf of the government, in 2022, the 50-Twh worth of gas, costs about 9 billion euros, worth 94 €, above winter prices. You should still restore costs completely.

“The level of gas storage facilities was right in the event of a special crisis in 2022 after the Russian war… (However) now the situation has become easier,” he said. The group called on Germany to reduce the demand for legal storage to 80 percent.

“Legal requirements have a great impact on market behavior and a false incentive for seasonal coverage,” he said. “Up to 90-80 percent gas storages, a decrease in targets at the national filling level can help calm the market.”