EU energy strategy Archives - European Office Of Cyprus

Commission proposes 2-year extension to EU Gas Storage Regulation

March 11, 2025

The European Commission proposed to prolong the current Gas Storage Regulation (COM/2025/99) until the end of 2027. In the current geopolitical context and volatile situation in the global gas markets, this 2 year extension will contribute to ensuring continued security of energy supply across the EU and stability of the European gas market. It will notably ensure …

Commission brings relief to European consumers and businesses with Action Plan to save €260 billion annually by 2040

March 4, 2025

The Commission is putting forward an Action Plan with short-term measures to lower energy costs, complete the Energy Union, attract investments and be better prepared for potential energy crises. The EU is at a crucial turning point for its competitiveness, decarbonisation and security, with a clear need to act. Structurally high energy costs are hurting our citizens and businesses. The challenges are …