Commodities

EU Energy Chief Invites consideration of extra measures to sustain gas storage injections or reduce gas and power demand.

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The EU energy chief proposed targeted demand reduction and storage measures amid high prices, noting improved winter preparedness and no immediate supply risk despite low storage.

News detail

Any measures regulating energy prices should be targeted and avoid increasing gas demand. Demand reduction measures include preventing outdoor heating and limiting temperatures in public buildings. EU gas storage is exceptionally low; situation is challenging but there is no immediate supply risk. EU is better prepared than in winter 2021, owing to new LNG capacity, renewables and lower gas demand. EU is facing an energy price crisis linked to a supply crisis.

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