Definition: Stock levels / Opening / (EU-g) Stocks held by gov...

Category: Energy

EU-g. Stocks held by government on national territory (Category EU-g) at the beginning of the period: Include non-military stocks held within the national territory by government, which are government owned or controlled and held exclusively for emergency purposes. It does not include stocks held by Central Stockholding Entities (CSEs), state oil companies or electric utilities, neither does it include stocks held directly by industry to fulfil mandatory stock obligations. Government stocks held outside of national territory, in other countries, should not be included here.. Stocks held by the government on behalf of other countries should not be included.In principle, these stocks are identical to those reported in category g. Any difference is due to government held stocks that at the time of the survey were physically located in bonded areas or on board incoming ocean vessels in port or at mooring. http://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1415114499552&uri=CELEX:32009L0119
Source:
Council Directive 2009/119/EC of 14 September 2009 imposing an obligation on Member States to maintain minimum stocks of crude oil and/or petroleum products
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