EU reaches deal to fill gas storage to 80% before winter

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BRUSSELS - European Union lawmakers and countries reached a deal to set a minimum natural-gas storage level before winter, as the bloc tries to avoid an energy crunch resulting from a potential halt

in Russian supplies.

In addition, member states without storage facilities will need to ensure that at least 15 per cent of their average consumption in the last five years is stored in another EU country.sent European gas futures to record levels earlier this year, prices were elevated as storage levels had dropped to historic lows.Operators will have to abide by the new regulation or risk losing certification and control over underground storage facilities.

"European citizens will have enough gas next winter, and will be protected from those who seek to use energy supplies as a weapon."a €210 billion plan to cut its reliance on top-supplier Russia

 

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