Energy
Commission and member states confirm no gas supply concerns in the New Year
31 December 2024 marked the end of the Russian gas transit agreement via Ukraine. In an extraordinary meeting of the Gas Coordination Group held today, the Commission and the member states from the Central and Eastern Europe took stock of the situation. The exchange allowed to confirm that thanks to efficient preparatory work and coordination in the region and beyond, there are no security of supply concerns. Gas supplies have been secured via alternative routes (Germany, Italy) and through withdrawals from storage. The European gas infrastructure is flexible to accommodate gas of non-Russian origin, aligning with the REPowerEU objectives. It has also been reinforced with significant new LNG import capacities since 2022. Storage levels at 72% are slightly higher than the average (69%) for this time of the year. The Commission maintains regular monitoring and communication with the member states and market participants to ensure security of supply to the most affected member states and avoid speculation.
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