22-March-2026
Corporate News
 
EU urges members to cut gas-storage targets due to Iran war, FT reports
21-Mar-2026

The EU has urged member states to lower natural-gas storage targets and start refilling reserves gradually to curb demand, as energy prices spike during the U.S.-Israeli war on Iran, the Financial Times reported on Saturday. Energy Commissioner Dan Jorgensen instructed member states to lower the filling target for their gas storage facilities to 80% 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.

News Source:- https://economictimes.indiatimes.com/industry/energy/oil-gas/eu-urges-members-to-cut-gas-storage-targets-due-to-iran-war-ft-reports/articleshow/129714158.cms