EU approves gas rationing strategy

In preparation for winter, the bloc has agreed to a 15% cut in consumption.

Earlier this week, the European Council granted its final assent to a plan that would see EU nations cut their gas use by 15% over the next months.

According to a news statement posted on the European Council website, the action aims to increase the energy security of the EU by storing gas for the upcoming winter if Russian gas supplies are disrupted.

According to the press release, member nations pledged to cut their gas use between August 1, 2022, and March 31, 2023, by 15%, compared to their average use over the previous five years. To reduce demand, nations can take the actions they see fit.

The Council stated that it reserved the power to issue a "Union alert" on the security of the gas supply, in which case the demand decrease would be required.

The specific circumstances of some member states, such as those that are not connected to the gas networks or electrical grids of other member states, have led to the granting of several exemptions.

The announcement further states that the regulation will now be published in the Official Journal and go into effect the following day.

The Nord Stream 1 pipeline has experienced a decrease in gas deliveries from Russia, and the EU is now concerned that Moscow may stop the supply.

Russia has frequently denied having such intentions, claiming that it is still a trustworthy supplier but that the effects of international sanctions are preventing gas from flowing at its maximum potential.

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