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EU to reach winter gas storage target months ahead of new deadline

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EU to reach winter gas storage target months ahead of new deadline

Gas storage across Europe is now filled at just under 90% capacity, reaching a mandatory target to ensure the continent can power itself through winter with months to spare.

“The good news is indeed that as of today the storage is at 89.89%, which is indeed excellent news,” an EU Commission spokesperson told reporters on Thursday. 

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Not all EU countries with storage facilities have so far hit the 90% capacity requirement but the Commission spokesperson struck an upbeat note, adding that “member states see and understand that it is extremely important to stick to the obligation to refill our gas storage facilities.”

“This is an ongoing process and we are very much on track there,” he said. 

The target to fill gas storage to 90% capacity by 1 November 2023 was set last year, weeks after Russia invaded Ukraine, as energy prices were starting their climb to new record levels and over fears Moscow could turn off the gas tap.

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These fears were realised shortly after in retaliation against wide-ranging economic sanctions imposed by the EU as well as a pledge to stop all Russian fossil fuel imports. Before Russia’s war in Ukraine, the EU bought 40% of its gas supplies from Moscow.

The abrupt cut-off from Russia sparked concerns the EU could suffer winter blackouts, prompting governments to prepare worst-case scenarios including rolling power cuts. A mild winter and a reduction in energy consumption no doubt partly linked to soaring energy bills ensured those plans were never rolled out.

Gas storage levels at the beginning of April — or the end of the heating season — were 56% full, well above the five-year average of 34%.

Still, to prevent a repeat of 2022 when EU member states competed with each other to import gas from non-Russian suppliers, the EU Commission set up a joint gas purchasing platform. The aim was to leverage the bloc’s market power and lower prices for EU buyers.

The EU executive has touted its platform as a ‘remarkable success’ but kept mum on prices, stating it does not take part in negotiations between buyers and sellers.

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Prices at the Title Transfer Facility (TTF), a virtual hub for gas trading, were this week sticking close to the €40 per megawatt hour mark, well below the three-digit prices observed through most of 2022. 

However, reliance on foreign suppliers for gas means the EU remains vulnerable to price fluctuations.

The European Union has a storage capacity of 100 billion cubic metres (bcm) with an additional 30 bcm in Ukraine.

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TVLine Items: Conan O’Brien Must Go Renewed, Harry Potter Baking Competition and More

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TVLine Items: Conan O’Brien Must Go Renewed, Harry Potter Baking Competition and More


‘Conan O’Brien Must Go’ Renewed for Season 2 at Max



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Chances of Cyprus peace talks restart look dimmer as Turkish Cypriot leader sees no common ground

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Chances of Cyprus peace talks restart look dimmer as Turkish Cypriot leader sees no common ground

Chances of restarting formal talks to mend Cyprus’ decades-long ethnic division appeared dimmer Wednesday as the leader of the breakaway Turkish Cypriots told a U.N. envoy that he saw no common ground with Greek Cypriots for a return to negotiations.

Turkish Cypriot leader Ersin Tatar said that he conveyed to the U.N. secretary general’s personal envoy, María Ángela Holguín Cuéllar, that talks can’t happen unless separate Turkish Cypriot sovereignty in the island’s northern third first gains the same international recognition as the Cyprus republic in the Greek Cypriot south.

CYPRUS’ PRESIDENT CALLS ON EU TO TAKE ACTION AGAINST INFLUX OF SYRIAN REFUGEES FROM LEBANON

Tatar was quoted by Turkish Cypriot media as saying that a permanent Turkish military presence coupled with military intervention rights are prerequisites to any peace deal, despite Greek Cypriot attempts to “remove Turkey” from the settlement equation.

Tatar also expressed irritation with Holguín’s contacts with civil society groups that support an accord that would reunify Cyprus as a federation made up of Turkish Cypriot and Greek Cypriot zones, in line with a U.N.-endorsed framework.

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A man walks across the U.N buffer zone in front of a blocked road as a banner shows the Cyprus island divided, the Turkish occupied area at the north and Cyprus republic at the south, in divided capital Nicosia, Cyprus, on Wednesday, May 15, 2024. Chances of restarting formal talks to mend Cyprus’ decades-long ethnic division appeared dimmer as the leader of the breakaway Turkish Cypriots told a United Nations envoy that he saw no common ground with Greek Cypriots for a return to negotiations.  (AP Photo/Petros Karadjias)

The majority of Greek Cypriots reject a deal that would formalize a partition through a two-state deal, the permanent stationing of Turkish troops on the island, the right for Turkey to militarily intervene as well a demand for a Turkish Cypriot veto on all federal-level government decisions.

The Turkish Cypriot leader’s remarks don’t waver from a line that he’s consistently kept since his 2022 rise to power. But the fact that he remains unyielding despite four months of Holguín’s shuttle diplomacy doesn’t bode well for a talks restart.

Holguín was appointed at the start of the year to determine what the chances are of resuming formal talks seven years after the last major push for a deal collapsed amid much acrimony.

An agreement has defied numerous, U.N.-facilitated rounds of talks since 1974 when the island was cleaved along ethnic lines following a Turkish invasion preceded by a coup aimed at uniting the island with Greece. Only Turkey recognizes a Turkish Cypriot declaration of independence, and although Cyprus is a European Union member, only the south enjoys full membership benefits.

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Holguín has refrained from speaking at length about her contacts over the last few months, but she noted in an interview with Kathimerini newspaper that it was up to the leaders to “listen to the people” and that she had been surprised at Tatar’s rejection of her proposal for a three-way meeting with Cypriot President Nikos Christodoulides.

Holguín will “soon” prepare a report for U.N. Secretary-General António Guterres about her findings over the last five months, according to U.N. deputy spokesman Farhan Haq.

Christodoulides struck a more upbeat note on Wednesday, saying that efforts for a resumption of talks continue and that time should be given for diplomacy to work.

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Possible to cooperate with 'some' far-right personalities, says Michel

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Possible to cooperate with 'some' far-right personalities, says Michel

Michel’s comments at the Copenhagen Democracy Summit on Tuesday put him at odds with his own liberal family, Renew Europe, which is firmly opposed to cooperation with either ECR or ID.

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It is possible to cooperate with “some” far-right personalities, says European Council President Charles Michel.

Michel made the comment at the Copenhagen Democracy Summit on Tuesday when he was asked about the upcoming elections to the European Parliament, where hard- and far-right parties are projected to enjoy a significant boost in representation.

“The question in the European Parliament will be: What are the political parties ready to cooperate (with), to collaborate to support Ukraine, to defend the democratic principles and to make the EU stronger?” Michel said on stage.

“If I’m observing the reality of some of those political parties that you qualify as the ‘far right,’ the reality is sometimes a bit more balanced in some of those personalities within those parties – personalities with whom it is possible to cooperate because they can share the same goals, the same views on those topics,” he went on.

“And with some others, in my opinion, it’s not possible to cooperate.”

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Michel did not mention any party or personality by name, but his remarks seemed to refer to Italian Prime Minister Giorgia Meloni, whose three-party coalition has been described as the most right-wing in the country’s history.

Due to its strident Eurosceptic tone, Meloni’s campaign for Italy’s leadership had sent alarms ringing in Brussels. However, upon coming into office, the premier baffled critics by adopting a more pragmatic approach to EU politics, proving constructive on key issues such as support for Ukraine and migration reform, while remaining opposed to the Green Deal.

Meloni and her allies from the European Conservatives and Reformists (ECR) group, including Poland’s Law and Justice (PiS) and Spain’s Vox, are seeking to secure a sizeable share of seats in the next Parliament and further tilt the agenda to the right.

The shift has raised questions over how much the traditional mainstream parties are willing to accommodate, or even align with, the demands from the extreme right. In recent years, the centre-right European People’s Party (EPP) has struck working arrangements with ECR forces in Italy, the Czech Republic, Sweden and Finland. 

Last week, Croatian Prime Minister Andrej Plenković, a prominent EPP politician, signed a new deal with the ultra-nationalist Homeland Movement, a party that intends to join the far-right Identify and Democracy (ID) group in the European Parliament.

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Plenković’s move revived concerns about the normalisation of the far right, a phenomenon that progressives say threatens European democracy and integration.

Focus on the substance

For Michel, though, what matters is the results.

“What is important, in my opinion, is the policy, is the substance, and what are the decisions we are making,” Michel said in Copenhagen.

“I don’t want to give one concrete example, but I remember that sometimes in the (European) Council when there were elections in one member state, there were some doubts and some worries,” he added, in another apparent reference to Meloni.

“And then we have seen that it was possible to work with the leadership of countries, including when in one coalition you have some political parties more oriented to the right.”

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Michel’s comments put him at odds with his own liberal family, Renew Europe, which is firmly opposed to cooperation with either ECR or ID. 

Last week, Renew Europe joined the socialists and the greens in a statement condemning growing violence against lawmakers, activists and journalists, which they linked to the rise in support for far-right parties.

“For our political families, there is no ambiguity: We will never cooperate nor form a coalition with the far right and radical parties at any level,” the statement said.

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Michel, who will leave office later this year after completing his mandate at the top of the European Council, said he was “confident” that centrist parties would continue to play an “essential role” in the EU’s future.

“I know that this is usual a few weeks before the elections, that we are worried and that we think that the worse will come,” he said.

“I am a bit more calm. I am a bit more serene.”

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