World & BusinessNetherlands reportedly seeks to scrap EU gas storage targets
After spending nearly €1 billion to fill reserves in 2026, the Netherlands argues that EU rules force governments to do the market's job, Bloomberg reports.
TLDR
Bloomberg reports that the Netherlands wants to end mandatory gas storage targets after spending nearly €1 billion ($1.1 billion) in 2026 to fill its reserves. EU rules require member states to fill storage sites to fixed levels ahead of winter. The Netherlands argues that the system makes governments do work that should be left to the market.
Netherlands reportedly seeks to scrap EU gas storage targets
After spending nearly €1 billion to fill reserves in 2026, the Netherlands argues that EU rules force governments to do the market's job, Bloomberg reports.
TLDR
Bloomberg reports that the Netherlands wants to end mandatory gas storage targets after spending nearly €1 billion ($1.1 billion) in 2026 to fill its reserves. EU rules require member states to fill storage sites to fixed levels ahead of winter. The Netherlands argues that the system makes governments do work that should be left to the market.