BAKU, Azerbaijan, March 10. European gasoline
storages are nonetheless full by virtually 60 %, mentioned the EU
Commissioner Kadri Simson, as she was addressing a committee
assembly and a press convention within the European Parliament, Trend stories through the
“We have launched a typical storage coverage in three months,
because of the work of this Committee and its rapporteur, Professor
Buzek. This has labored effectively. We stuffed storage as much as 95 % by
November final yr. And right this moment, we’ve got nonetheless round 57 % in
our inventories. This is greater than twice the extent of underground
storage final yr,” she mentioned.
Simson famous that the EU has initiated a framework for a
coordinated gasoline demand discount.
“All Member States dedicated to cut back their consumption by at
least 15 %. And they did so. Demand dropped by greater than 19
% between August and January 2023. This helped us save 42 bcm
of gasoline,” the Commissioner defined.
Among additional steps, Simson highlighted the Energy Platform to
assist diversification and joint buying, a mechanism to
right worth peaks within the TTF gasoline market not justified by the
fundamentals of worldwide markets.
The Commissioner identified that every one these steps didn’t
undermine Europe’s inexperienced vitality transition, because it managed to cut back
carbon emissions by 2.5 % in 2022.
“An necessary a part of REPowerEU was to spice up renewables
deployment to switch gasoline in energy technology and heating. This has
matched expectations and presumably exceeded them. Last yr, we
generated extra electrical energy from wind and photo voltaic than from gasoline. 2022
was a document yr for photo voltaic vitality within the EU, with 41 GW of recent
capability put in. Wind capability additionally rose by 15 GW. Last yr, 39
% of our electrical energy got here from renewables,” Simson added.
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