Reported about 1 month ago
Germany has requested exemptions from the European Union's gas storage targets due to concerns that these requirements are driving up prices. The appeal stems from fears that the current obligation to maintain 90% storage by November 1 is leading to market speculation. Following this proposal, European gas futures experienced a significant decline, with prices dropping by as much as 9.3%. Other European nations like France and the Netherlands echoed Germany's concerns, highlighting a growing need for flexibility in the gas market.
Source: YAHOO