Dutch Seek End to Gas Storage Goals in EU Supply Security Revamp
The Dutch government says fixed EU targets burden governments after it spent nearly $1.1 billion to fill reserves ahead of winter.
- The Netherlands is urging the European Union to revamp mandatory gas-storage regulations, arguing that market participants—not governments—should bear the costs of filling national reserves ahead of winter.
- Climate Minister Stientje van Veldhoven reported the Dutch government spent nearly $1.14 billion filling reserves this summer, asserting that current rules unfairly penalize states with high storage capacity but lower domestic consumption.
- Data from Gas Infrastructure Europe shows EU gas storage facilities at roughly 70% capacity, while Germany's reserves sit at just 57%, raising concerns about winter preparedness despite European Commission assurances that supply remains stable.
- EU energy ministers will discuss supply security and potential measures with European Commissioner for Energy and Housing Dan Jørgensen in Dublin on September 28-29, addressing the ongoing storage debate.
- Supply disruptions through the Strait of Hormuz have sent gas prices to three-year highs, reinforcing the Dutch argument that current market structures discourage traders from holding inventory for later deliveries.
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10 Articles
The Jetten cabinet wants to get rid of gas storage. Not the gas, but the responsibility. The filling of the large gas storage facilities is to be transferred from state-owned company EBN to Essent, Eneco, Vattenfall, and dozens of smaller suppliers. And they are already saying it out loud: the costs will go to the consumer. That is you...
Netherlands Pushes to Scrap EU Gas Storage Mandate After $1.14 Billion Bill
The Netherlands considers that the current EU system of gas storage targets ahead of winter is inadequate and burdens governments that have to pay for meeting the EU-wide obligations. The Dutch government has already spent almost $1.14 billion (1 billion euros) this summer season alone on building up inventories, while this task should fall mostly on the gas market participants, Climate Minister Stientje van Veldhoven said in a letter to Parliam…
Dutch Seek End to Gas Storage Targets After €1 Billion Bill
The Netherlands wants to scrap mandatory gas storage targets under a revamp of the European Union’s energy supply security rules after spending nearly €1 billion ($1.1 billion) this year to fill the country’s reserves.
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