The European Commission has urged EU states to lower natural-gas storage targets and start refilling reserves gradually to curb demand, after the war in Iran disrupted key suppliers and triggered a surge in energy prices, the Financial Times reported on Saturday.
EU Energy Commissioner Dan Jorgensen instructed member states to lower the filling target for their gas storage facilities to 80 per cent of capacity, 10 percentage points below the EU’s official targets, “as early as possible in the filling season to provide certainty and reassurance to market participants”, the newspaper said, citing a letter.