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Compulsory stocks for future energy carriers

Ravi Bhatiani, executive director at FETSA, looks at how requirements for compulsory stocks needs to evolve with the energy transition

The storage capacity of FETSA members also includes strategic reserves held for emergencies and supply disruptions under the Compulsory Stocks Obligation (CSO). Strategic reserves has been a prominent issue in political discussions over the last few months with strategic storage of gas, as well as future energy carriers being discussed by EU heads of state and strategic oil reserves being released by major non-OPEC economies to reduce fuel prices.

Today the situation on strategic storage is relatively clear cut. There are international, EU and national obligations to ensure there are sufficient oil (and derived products) stocks for 90 days of continuous supply. This is a buffer, released in case of demand spikes, or supply side problems such as blockades or breakdowns of (amongst others) production and logistics infrastructure. These stocks tend to be governme...

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