European Union Archives - Page 2 of 2 - Balancing Energy

EU member states approve extension of gas storage rules to boost energy security

EU member state representatives have endorsed the EU Council’s revised position on the gas storage regulation, proposing a two-year extension of the current requirement for countries to fill their gas storage facilities to 90% ahead of winter. This move aims to protect the EU from volatile gas prices amid ongoing geopolitical tensions. The extension is […]

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EU gas reduction exceeded targets

The REPowerEU policy has done well so far in its aim of ending Europe’s dependency on Russian fossil fuels by 2027. The target of a 15% reduction in gas use, compared to the average consumption between April 2017 and March 2022, was exceeded in both 2023 and 2024. The Commission has again set the same

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EU and Serbia resolved legal obstacles to the lithium sourcing agreement

Commissioner Maroš Šefčovič revealed that the final legal obstacles are being addressed before the EU-Serbia trade partnership, focused on sourcing lithium from the Jadar region, is finalized. Negotiations are in the concluding stages, as mentioned during a significant event in Brussels. The trade agreement, aimed at sourcing critical raw materials from Serbia, has been in the works since last

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