EU Council finally approves 15% gas savings
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The Council of the EU on August 5 announced the adoption by the member countries of the regulation on the voluntary reduction of demand for gas by 15% in the heating season 2022/23. The Council specified that this official adoption of the regulation is a procedure following the political agreement reached on July 26 (“ Vedomosti wrote about this on July 27). This should provide gas savings during the winter to prepare for possible disruptions in supplies from Russia.
According to BP reviews and Vedomosti calculations, over the past five years, the average gas consumption in the EU has amounted to about 390 billion cubic meters. m per year. Thus, a 15% reduction in gas consumption is about 58.5 billion cubic meters. m.
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