New EU security of gas supply regulation

Regulation (EU) 2022/1032 was published in the Official Journal of the European Union on 30 June 2022 and entered into force on the same date introducing amendments to Regulation (EU) 2017/1938 concerning measures to safeguard the security of gas supply and Regulation (EC) No 715/2009 on conditions for access to natural gas transmission networks.

Regulation (EC) No 715/2009 lays down rules for access to natural gas transmission networks, gas storage and liquified natural gas (LNG) facilities. Regulation (EU) 2017/1938 establishes provisions aiming to safeguard the security of gas supply in the European Union by ensuring the proper and continuous functioning of the internal market in natural gas.

The new Regulation (EU) 2022/1032 aims to ensure that the storage capacities in the EU do not remain unused, and that storages can be shared across the EU in a spirit of solidarity. For that purpose, a minimum mandatory level of gas in storage facilities aims to reinforce the security of supply in the short term. A mandatory certification of storage system operators is targeted at ensuring that potential risks to the security of supply resulting from influence over the critical storage infrastructure can be excluded. Finally, the use of storage is incentivized by allowing to exempt storage users from transmission tariffs at storage entry or exit points.