EC 2-Year Extension to Gas Storage Reg

Published on: Mar 10, 2025

On Mar. 5, EC proposed regulation extending the EU Gas Storage Reg.

  • EC issued Proposal COM(2025) 99 final for a Regulation amending Reg 2017/1938 as regards the role of gas storage for securing gas supplies ahead of the winter season.
  • Follows EC Feb. 2024 proposed continued gas saving to stabilize market, see #202567.
  • Main Points
  • The gas-storage provisions in Regulation 2017/1938 were introduced via Regulation 2022/1032 for a period of three years and those provisions expire at the end of 2025.
  • The proposal extends the existing provision by two years on a temporary basis until a new energy-security framework is potentially put in place, most likely during 2027.
  • EC will review the EU’s energy-security framework and assess if a potential legislative proposal should incorporate permanent storage-filling measures for Member States.
  • However, this proposal is not planned for next year, a temporary extension of the existing gas-storage provisions is necessary to continue providing predictability.
  • And also transparency regarding the use of gas-storage facilities across the EU.
  • EC adopted Report COM(2025) 98 final from the EC to the EP, EU CNCL on solidarity and certain aspects concerning gas storage based on EU Regulation 2017/1938.
  • It highlighted that the Regulation ensured security of supply, lowering risks of supply disruption, allowing the EU to advance efforts to reduce energy dependence on Russia.
  • The proposed Reg is accompanied by EC recommendation C(2025) 1481 final on the implementation of the gas storage filling targets in 2025, addressed to Member States.
  • They should consider current market conditions and introduce flexibility when deciding on measures to refill storage facilities this summer, for optimal purchase conditions.
  • This would help to avoid distortion of the internal energy market or negative effects of energy security of other EU countries or the EU under current market conditions.
  • Next Steps
  • The proposal will now be discussed by the EP and EU CNCL; EC plans to review the EU's energy security framework and assess permanent storage-related measures.
  • EC will continue monitoring the security of EU's gas supply with EU countries in the Gas Coordination Group, coordinate measures taken to ensure optimal storage refilling.
Regulators
EU CMSN; EU CNCL
Entity Types
Corp
Reference
Nt 6768/25, 6800/25, 6801/25, 3/5/2025; Rp COM(2025) 98 final, Rec C(2025) 1481 final, PR, 3/5/2025; COM(2025) 99 final, 2025/0051 (COD); Reg 2017/1938; Reg 2022/1032
Functions
Financial; Legal; Operations; Product Administration; Risk; Sales Practices; Trading
Countries
European Union
Category
Central Government
State
N/A
Products
Commodities; Corporate
Rule Type
Proposed
Regions
EMEA
Rule Date
Mar 5, 2025
Effective Date
Mar 5, 2025
Rule ID
246026
Linked to
Reg. Last Update
Mar 5, 2025
Report Section
EU