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EU Considering 15% Reduction In NatGas Demand For August-March

EU
  • The European Union is considering a proposal of a voluntary 15% cut in natural gas use by member states starting next month on concern Russia may halt supplies of the fuel. (BBG)
  • According to the Bloomberg article, the goal would be embedded in a regulation accompanying a demand-reduction plan the European Commission is scheduled to unveil Wednesday to cope with a potential full cutoff by Moscow.
    • The measure also would include a mandatory trigger if the situation worsens and voluntary curbs are insufficient, according to three EU diplomats with knowledge of the matter.

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