• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 4 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 16 hours Reality catching up with EV forecasts
  • 6 hours Famous author Michael Crichton talks about the "Climate Change Religion" aka Feudalism 2.0
  • 6 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 11 days A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 12 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas

Spain Does Not Support EU's Proposal To Cut Gas Use By 15%

Spain does not support the EU's proposal for its member states to reduce gas consumption by 15%, Spanish Energy Minister Teresa Ribera said after the European Commission announced its plan for saving gas.

Unlike most countries of the EU, Spain does not depend on Russian pipeline gas. Spain also has the highest number of LNG import terminals in Europe—six.

The European Commission unveiled on Wednesday measures for the EU to conserve gas in the face of risks of further reduction or a shutoff of Russian gas deliveries, asking member states to reduce gas consumption by 15% until the spring. 

ADVERTISEMENT

The Commission proposed a new legislative tool and a European Gas Demand Reduction Plan, setting a target for all member states to reduce gas consumption by 15% between August 1, 2022, and March 31, 2023. The new regulation would also give the Commission the possibility to declare, after consulting Member States, a 'Union Alert' on the security of supply, imposing a mandatory gas demand reduction on all Member States, the EC said.

A Union Alert "can be triggered when there is a substantial risk of a severe gas shortage or an exceptionally high gas demand," according to the Commission's plans.

ADVERTISEMENT

Commenting on the European Commission's plans for saving gas, Spain's Ribera said, as carried by Reuters:

"I deeply regret to say that Spain does not support this proposal."

"We consider that it is proposed without prior orientation, without a general debate in the European Council, even when the economic consequences are particularly important....They cannot demand a sacrifice of which they have not even asked our prior opinion," the minister added.

Meanwhile, Europe is on edge to see whether Gazprom will restart flows via Nord Stream, as maintenance on the pipeline carrying gas from Russia to Germany ends on July 21.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

ADVERTISEMENT


ADVERTISEMENT


Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News