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MEPs again plans to restock fuel reserves earlier than subsequent winter – The European Sting – Essential Information & Insights on European Politics, Financial system, Overseas Affairs, Enterprise & Expertise


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This article is dropped at you in affiliation with the European Parliament.


Parliament backs plans to speed up the refilling of Europe’s strategic fuel reserves, so households and companies have sufficient fuel for the following heating season.

The proposal, adopted beneath Parliament’s pressing process course of, will now be negotiated with EU ministers. MEPs wish to set up a compulsory minimal 80% degree of fuel in storage amenities by 1 November 2022, and 90% for subsequent years, in an effort to guarantee safety of provide and defend Europeans from attainable provide shocks.

All storage operators may also must bear a brand new obligatory certification, in an effort to keep away from dangers ensuing from exterior interference. Operators who fail to safe this certification should hand over possession or management of EU fuel storage amenities. Moreover, operators won’t be able to shut a fuel storage facility with out authorisation from the nationwide regulator.

In order to hurry up the refilling of fuel reserves, the brand new regulation may also incentivise vitality firms with a reduction on transmission tariffs to – or from – storage amenities.

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“This key legislative proposal is not only about new and much-needed legal provisions – it is first and foremost about securing gas supplies for next winter ” stated MEP Jerzy Buzek (EPP, PL), who’s main the European Parliament negotiation crew.

“This is what our citizens – households, SMEs and industry – expect today from the European Union. We have to live up to these expectations and we are ready to start negotiations immediately. I believe the Council shares this approach” he added.

Parliament backed the proposal with 516 votes in favour, 25 in opposition to and 15 abstentions. MEPs despatched the matter again to committee for negotiations, which can begin when EU ministers have agreed their place.

Background

The legislative proposal was adopted by the Commission on 23 March, within the context of the Russian warfare in opposition to Ukraine. The Industry, Research and Energy Committee requested that the pressing process (Rule 163) be utilized. Parliament voted on Tuesday in favour of triggering such a process.

At the Versailles Summit, EU leaders requested measures to deal with the problem of vitality independence. The proposal from the European Commission, welcomed by the European Council at their 24-25 March summit, goals to cut back the dangers to safety of fuel provide.




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