The European Union is reconsidering its gas storage strategy as energy markets react to escalating tensions linked to the war in Iran, which has already pushed prices higher

across the bloc.

In a move aimed at easing upward pressure on costs, the European Commission is advising member states to scale back their storage ambitions. Rather than reaching the traditional 90% capacity target, countries are being encouraged to aim for 80%, according to a letter sent by EU Energy Commissioner Dan Jørgensen.

The recommendation reflects growing concern that aggressive stockpiling could intensify competition for supplies—especially later in the year—further driving up prices for governments, businesses, and households.

Jørgensen also urged member states to begin refilling their reserves sooner rather than waiting until late summer. Early action, he warned, could help avoid a last-minute rush that often leads to price spikes in already volatile markets.

EU countries are still required to meet their adjusted storage goals by 1 December, as the bloc continues efforts to safeguard energy security while managing affordability during a period of geopolitical uncertainty.  Photo by © European Union, 2026, Wikimedia commons.