IOGP response to the consultation on ‘Securing the EU’s winter gas supply (storage measures)’

This document provides IOGP's response to the public consultation on 'Securing the EU's winter gas supply (storage measures)'.

It includes proposed amendments to the Proposal for a Regulation amending Regulation (EU) 2017/1938 concerning measures to safeguard the security of gas supply and Regulation (EC) 715/2009 on conditions for access to natural gas transmission networks.

Key Points

IOGP believes that an efficiently functioning, interconnected and liquid energy market with free and transparent price formation for competing energies from a diversity of domestic and global suppliers, intelligent demand-side solutions, and with a stable legislative framework will best ensure cost-efficient, secure supplies to consumers.

We acknowledge the exceptional circumstances leading to these proposals, but we suggest that any measure is carefully assessed and that market interventions are minimized and are limited in time.

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