Free Trial
JGB TECHS

(Z2) Holds Bounce Off Midweek Lows

CNH

USD/CNH Back Below 20-Day MA

US TSYS

Early Tuesday Bid Fades

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI: EC Proposes 15% Gas Consumption Cut By Spring 2023

(MNI) London
(MNI) Brussels

As threats of Russian gas supply reductions continue, Brussels proposes 15% cut in usage by Spring 2023.

True

The European Commission has proposed a gas demand reduction plan as well as a new legislative tool which aim to reduce EU gas consumption by 15% between August 1 and March 31 next year.

The new EU regulation gives the Commission the option to declare a “Union Alert” which would impose mandatory gas demand reduction on states in the event of a “substantial risk of a sever gas shortage or exceptionally high gas demand,” the Commission said.

Keep reading...Show less
230 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The European Commission has proposed a gas demand reduction plan as well as a new legislative tool which aim to reduce EU gas consumption by 15% between August 1 and March 31 next year.

The new EU regulation gives the Commission the option to declare a “Union Alert” which would impose mandatory gas demand reduction on states in the event of a “substantial risk of a sever gas shortage or exceptionally high gas demand,” the Commission said.

Keep reading...Show less