Highlights

  • EU approved a draft law meant to lower demand for gas by 15% from August through March
  • New law entails voluntary national steps to reduce gas consumption
  • Move aimed at protecting Europe against supply cuts by Russia

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EU reaches deal to ration gas amid Russian cut-off fears

EU energy ministers approved a draft European law meant to lower demand for gas by 15 per cent from August through March.

European Union governments agreed Tuesday to ration natural gas this winter to protect themselves against any further supply cuts by Russia as Moscow pursues its invasion of Ukraine.

EU energy ministers approved a draft European law meant to lower demand for gas by 15 per cent from August through March. The new legislation entails voluntary national steps to reduce gas consumption and, if they yield insufficient savings, a trigger for mandatory moves in the 27-member bloc.

Also read: Leaders pledge arms and EU path for Ukraine in Kyiv visit

European Commission President Ursula von der Leyen welcomed the move, saying that the “the EU has taken a decisive step to face down the threat of a full gas disruption by (Russian President Vladimir) Putin.”

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