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EU Parliament approves deal on looser gas storage rules
Published by Global Banking & Finance Review®
Posted on July 8, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on July 8, 2025
1 min readLast updated: January 23, 2026
The EU Parliament approved a deal to relax gas storage rules to prevent price inflation. Final approval from EU countries is expected soon.
BRUSSELS (Reuters) -The European Parliament on Tuesday gave its final sign-off on a deal to loosen the EU's rules on filling gas storage, following concerns that earlier rules on this risked inflating energy prices.
Parliament approved the deal its negotiators struck with EU countries last week, which will soften the EU's target to fill storage to 90% capacity by November 1.
The agreement now needs final formal approval from EU countries before it can pass into law - a step which is usually a formality that waves through the pre-agreed deal with no changes.
(Reporting by Kate Abnett, Editing by Charlotte Van Campenhout)
The European Parliament approved a deal to loosen the EU's rules on filling gas storage.
The new target for gas storage capacity has been softened from 90% to a less stringent requirement.
The agreement now requires final formal approval from EU countries before it can become law.
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