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In the report, the EU confirms that market measures will not suffice if serious problems occur, and then mechanisms of the best use of gas storages and liquefied natural gas (LNG) regasification terminals must be implemented.
EU LNG receiving terminals’ capacities amount to about 200 billion cubic meters, but they are only 20% loaded as many companies sell the gas to Asia and Latin America and the sales could be curbed.
In general, the union’s strategy is to decrease the use of fossil fuels, gas in the first place, by improving the energy efficiency and switching to renewable resources. The EU will also promote forming gas prices on the basis of the spot market instead of linking them to oil.