Germany to Push for End of Gas Storage Targets After 2027 Expiry

German officials are preparing to push for the European Union to discontinue its gas storage targets when they expire in 2027, and instead implement an alternative strategic reserve system that would be managed by individual member states.

The country’s economy ministry has held a series of meetings this month with business and regulatory representatives as concerns over low inventories mount, according to people familiar with the discussions. While the current stockpiling rules for gas won’t expire until 2027, Germany wants an EU decision on what happens after that by this summer, two of the people said.