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Parliament approves plans to restock gasoline reserves earlier than winter | News | European Parliament


The new regulation, already agreed upon with EU ministers, units a compulsory minimal degree of gasoline in storage services at 80% by 1 November 2022. Member states and operators ought to attempt to succeed in 85%. The goal shall be 90% for subsequent years to guard Europeans from doable provide shocks. The textual content highlights the necessity for EU international locations to diversify gasoline provide sources and increase vitality effectivity measures.


Mandatory certification for gasoline storage services

Under the regulation, gasoline storage services will turn into crucial infrastructure. All storage operators must bear new necessary certification to keep away from dangers of out of doors interference. Operators who fail to safe this certification must quit possession or management of EU gasoline storage services.


Joint procurement

By August 2022, the Commission will situation steerage on how EU international locations can collectively procure gasoline, to be activated voluntarily by two or extra member states.


Quotes

“The regulation is the reply to the present scenario. Gazprom is utilizing vitality provide as a weapon (…) so we have got our protecting protect”, mentioned MEP Jerzy Buzek (EPP, PL), who’s main the Parliament’s negotiating crew.

With the regulation, “nobody who makes use of vitality as a weapon (…) shall be answerable for our storage capacities. Also, we will formally begin our joint buying of pure gasoline within the EU” he added.

“Countries with giant storage capacities shall be obliged to have not less than 35% of their consumption there. Countries that wouldn’t have a storage capability might want to conclude agreements with the opposite member states to retailer the required portions of gasoline for them. This is a solidarity mechanism incentivised by this regulation”, mentioned rapporteur and Industry, Research and Energy Committee Chair Cristian Buşoi (EPP, RO).

You can watch the complete video statements here.


Next steps

The laws was adopted on Thursday with 490 votes to 47, and 55 abstentions. It now requires the formal approval by Council earlier than publication within the Official Journal and entry into power.


Background

The legislative proposal was adopted by the Commission on 23 March, within the context of the Russian warfare towards Ukraine. Parliament voted on 5 April in favour of triggering a fast-track process and backed the proposal two days later. At the Versailles Summit, EU leaders requested measures to deal with the problem of vitality independence.

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