MNI China Press Digest March 21: Land Sales, Services, PBOC

MNI: BOJ's March Tankan To Show Key Sentiment Slips

MNI: PBOC Net Drains CNY87.7 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1760 Fri; -0.26% Y/Y

MNI BRIEF:CBRT Ups O/Night Lending Rate, Policy Rate Unchanged

MNI BRIEF: US Feb Existing Home Sales Jumps To 4.26M

MNI: UK MAR GFK CONSUMER CONFIDENCE INDEX -19

MNI JAPAN FEB CORE CPI +3.0% Y/Y; JAN +3.2%

EZ/UK Bond Supply Calendar: EU-Bond Auction on Monday

GERMANY: Handelsblatt Report on Lingering Uncertainties Ahead of Bundestag

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NATGAS: EU Considering Delaying Proposal To Extend Gas Storage Targets By 1 Mth

NATGAS
Energy BulletsBulletPower BulletsCommodities

EU is considering delaying a proposal to extend gas-storage targets by around a month that was expected to be presented Wednesday, Bloomberg reports. 

  • Reason for postponement is not immediately clear.
  • Plan is to extend a requirement for a gas-storage target for 2026 and 2027, Bloomberg reports. The EC has been seeking to extend the 90% November storage goal that expires at the end of 2025 into 2026 and 2027.
  • Possible alternative date is April 9 but the commission hasn’t made a final decision yet.
  • European nations have been pushing the EU to relax gas storage targets. Germany has previously requested to be exempt from its target for 2025, while at least six countries were in support of relaxing this year’s target.
  • The EC has made it clear that it would like to leave the 2025 storage targets unchanged. Reports last week suggested the EC would signal a more ‘flexible’ approach to the pace for refilling gas storage targets this year while still maintaining its final target of 90%.  
167 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

EU is considering delaying a proposal to extend gas-storage targets by around a month that was expected to be presented Wednesday, Bloomberg reports. 

  • Reason for postponement is not immediately clear.
  • Plan is to extend a requirement for a gas-storage target for 2026 and 2027, Bloomberg reports. The EC has been seeking to extend the 90% November storage goal that expires at the end of 2025 into 2026 and 2027.
  • Possible alternative date is April 9 but the commission hasn’t made a final decision yet.
  • European nations have been pushing the EU to relax gas storage targets. Germany has previously requested to be exempt from its target for 2025, while at least six countries were in support of relaxing this year’s target.
  • The EC has made it clear that it would like to leave the 2025 storage targets unchanged. Reports last week suggested the EC would signal a more ‘flexible’ approach to the pace for refilling gas storage targets this year while still maintaining its final target of 90%.