The European Commission has proposed to EU countries to voluntarily reduce their gas consumption by 15% in 8 months. If Russia stops gas deliveries to Europe, this measure could become legally binding.
Due to the threat disruption of Russian gas supply The European Union has until the end of March 2023 to reduce its gas consumption by 15% compared to the average consumption for the same period in 2016-2021. With such to offer in plan “Save gasoline for a safe winter” The European Commission spoke on Wednesday 20 July.
Although EU countries are invited to voluntarily take such a step, this step could however become legally binding if Russia actually cuts off the gas supply to Europe and there is a significant risk of an acute crisis in the EU. gas shortage . In this case, the European Commission will have the right, after consultation with the Member States, to announce an EU-wide alert.
🔴 LIVE: “Save gas for a safe winter” package
— European Commission 🇪🇺 (@EU_Commission) July 20, 2022
The European Commission’s proposal must be approved by a reinforced majority of EU countries. EU country diplomats will discuss it on Friday July 22, and EU country energy ministers can approve the measures as early as next week, at a meeting on July 26.
According to a preliminary estimate by the European Commission, which Bloomberg reviewed, in the event of a harsh winter, up to 1.5% of the EU’s gross domestic product will be at risk.