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flag EU lowers gas storage target to 80% amid Middle East conflict and supply risks.

flag The EU has told member states to lower natural gas storage targets from 90% to 80% of capacity amid soaring prices and supply disruptions from the U.S.-Israeli conflict with Iran. flag Energy Commissioner Dan Jorgensen urged early, gradual refilling to stabilize markets and ensure security, citing damage to Middle East gas infrastructure and potential years-long recovery for liquefied gas production. flag The move aims to manage demand and maintain supply stability, especially for winter, while allowing flexibility in import rules to avoid delivery delays.

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