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EU Urged to Lower Gas Storage Targets Amid Conflict

3/24/2026

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Story summary
  • European Energy Commissioner Dan Jørgensen urged EU to lower gas storage targets to 80% and refill early, because of rising energy prices from the conflict.
  • Reserves are below 30%, and the EU gas coordination group will meet to assess how the Iran war affects gas supplies.
  • EU foreign policy chief Kaja Kallas is exploring a UN-backed plan to allow oil and gas transport through the Strait of Hormuz amid conflict.