III.3.48.

III.3.48.

According to REMIT, shall natural gas storage contracts (other than “Virtual gas storage” ones) determining a volume, a price and a contractually agreed period by the end of which a returning obligation of the contracted volume is activated, be reported to the Agency?


Answer: With the entry into force of Regulation (EU) 2024/110631 (Regulation amending REMIT) on 7 May 2024, storage contracts and related derivatives are considered as wholesale energy products and reportable under REMIT. However, details for the reporting of storage contracts and related derivatives are currently not included in the Commission Implementing Regulation (EU) No 1348/2014 (REMIT Implementing Regulation), these details must thus be included in the REMIT Implementing Regulation before the reporting can commence.

Updated: 
12/03/2025