In a fast-track procedure, the The EU’s directly elected legislative body comprised of 705 members. It is involved in policymaking but it does not have the power to propose new legislation.
European Parliament and An institution representing the Member States’ interests. Either comprised of the heads of government (European Council) or more frequently the ministers (Council of the EU) meeting in different constellations depending on the policy area. Involved in policy-making, often together with the European Parliament.
Council adopted new rules for gas storage on Monday, 27 June, only two months after the Commission’s initial proposal. The rules will foster energy security in light of the Russian war in Ukraine that is affecting the EU’s energy market.
The The EU’s politically independent executive arm. It is responsible for drawing up proposals for new European legislation, and it implements the decisions of the European Parliament and the Council.
European Commission presented its proposal for a new Gas Storage Regulation on 23 March as a quick response to Russia’s war in Ukraine. Part of the EU’s energy is supplied by Russia but because the EU sharply condemns the Russian aggression, energy security is now at risk. To mitigate the effects of Putin’s war, the new regulation establishes targets for gas storage capacities in the upcoming winter and the next few years.
We previously reported about the Commission’s proposal for this legislation here:
The adopted text now sets a target of underground storage facilities being filled to minimum 80% of their capacity by November this year and 90% from 2023 on. This applies to the 18 The 27 countries that are part of the EU. See the list of all members here.
Member States that have underground storage facilities. Those without these facilities have to negotiate bilateral arrangements with neighbouring countries who should store 15% of the country’s annual domestic gas consumption for them in an act of solidarity. National authorities will have to certify the storage facilities in order to mitigate the danger of external interference and improve energy security.
Jerzy Buzek, lead negotiator for the The EU’s directly elected legislative body comprised of 705 members. It is involved in policymaking but it does not have the power to propose new legislation.
European Parliament, welcomed the new regulation:
“The regulation is the answer to the current situation. Gazprom is using energy supply as a weapon (…) so we’ve got our protective shield”.
In an unusually fast procedure, the The EU’s directly elected legislative body comprised of 705 members. It is involved in policymaking but it does not have the power to propose new legislation.
European Parliament and the An institution representing the Member States’ interests. Either comprised of the heads of government (European Council) or more frequently the ministers (Council of the EU) meeting in different constellations depending on the policy area. Involved in policy-making, often together with the European Parliament.
Council reached an agreement on the legislation on 19 May, less than two months after the Commission’s proposal. The Parliament formally adopted the Regulation on 23 June and the An institution representing the Member States’ interests. Either comprised of the heads of government (European Council) or more frequently the ministers (Council of the EU) meeting in different constellations depending on the policy area. Involved in policy-making, often together with the European Parliament.
Council followed on Monday, 27 June. The text will soon be published in the Official Journal of the EU and will take effect one day after publication.
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