This current feature was extracted from the latest edition of Poten’s LNG in World Markets, a monthly service published on February 2025. The European Commission is overhauling some of its gas and EU policies. It is expected to introduce reforms to the current policy on EU underground storage and engage with LNG suppliers to reduce Europe’s uncompetitive energy costs, through long-term LNG supply contracts and joint purchasing. It also said it is ready to invest more heavily in overseas LNG projects. The planned storage reforms follow a heavy drawdown in EU stock levels during the 2024-2025 winter and the subsequent lobbying by some member states to ease the targets, which they partly blame for this year’s TTF price spike (see LNGWM, Jan’25). Potential changes to storage levels by the EU and moves by the German gas exchange Trading Hub Europe (THE) to engage suppliers on providing potential subsidies to encourage stock building has led to sharp losses in prompt month TTF prices this month. To read the full analysis, please click here.