The European Union is considering setting more ambitious targets for its renewable energy capacity expansion as part of its efforts to cut its over-dependency on Russian fossil fuels, according to Frans Timmermans, the Executive Vice President of the European Commission.
The EU has recently released a plan called REPowerEU to detail its energy diversification plans, which includes a requirement for all gas storage operators across Europe to have their facilities filled to at least 90% capacity by October each year, and increase LNG imports, in order to mitigate the impact of supply shortage.
