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MNI: France Seeks Energy Funding For Gas Rationing-Officials

A high-level deal between Paris and Berlin may be necessary to unlock a deal on gas rationing.

European Union energy ministers are set to agree a compromise on mandatory gas rationing at an emergency meeting in Brussels Tuesday, but with opposition from countries including Spain, Portugal and Greece, sources said unblocking agreement may require a Franco-German deal on financing for the REPowerEU programme for transitioning away from dependency on Russian gas.

Officials preparing Tuesday’s meeting have already watered down last week’s European Commission proposals for mandatory consumption cuts should Germany and the Visegrad countries run out of gas, in a so-called “Black Scenario” for winter. Countries which less dependent on Russian supplies, like Spain, Portugal, Greece and Cyprus, have been supported by France in opposing the plan, with officials suggesting that a high-level deal between Paris and Berlin may be key.

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European Union energy ministers are set to agree a compromise on mandatory gas rationing at an emergency meeting in Brussels Tuesday, but with opposition from countries including Spain, Portugal and Greece, sources said unblocking agreement may require a Franco-German deal on financing for the REPowerEU programme for transitioning away from dependency on Russian gas.

Officials preparing Tuesday’s meeting have already watered down last week’s European Commission proposals for mandatory consumption cuts should Germany and the Visegrad countries run out of gas, in a so-called “Black Scenario” for winter. Countries which less dependent on Russian supplies, like Spain, Portugal, Greece and Cyprus, have been supported by France in opposing the plan, with officials suggesting that a high-level deal between Paris and Berlin may be key.

Keep reading...Show less