EU proposes 15% cut in gas consumption amid Russian supply concern

As first reported by the Business Post on Sunday, a new document published on Wednesday is urging member states to “Save gas for a safe winter”

Under today’s “Save gas for a safe winter” plan, the commission recommended steps that include reducing heating and cooling, switching to other fuels and market-based measures. Picture: Getty

The European Union has proposed that the bloc cut its natural gas consumption by 15 per cent over the next eight months in a plan that would affect all households, power producers and industry.

The goal is embedded in regulation accompanying demand-reduction guidelines for governments amid growing concern that Russia will cut gas exports to the region after being hit with sanctions following its invasion of Ukraine. The measure put forward by the European Commission ...