Kuwait Times

EU plan to cut gas use by 15% comes into effect

European households squeezed by skyrocketi­ng energy prices

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BRUSSELS: An EU plan to cut gas consumptio­n across the bloc by 15 percent to cope with an energy price crisis spurred by Russia’s war in Ukraine comes into effect on Tuesday. The EU regulation enshrining the plan agreed two weeks ago by the 27-nation bloc was published Monday in the European Union’s official administra­tive gazette, with the stipulatio­n it would take force from Tuesday.

“Considerin­g the imminent danger to the security of gas supply brought about by the Russian military aggression against Ukraine, this regulation should enter into force as a matter of urgency,” it said. The aim is for the EU to be able to bolster its reserves of gas in time for what is likely to be a very tough winter. European households and businesses are being squeezed by skyrocketi­ng energy prices and reduced Russian gas that several member states are dependent on. The regulation said that EU countries “shall use their best efforts” to cut gas consumptio­n by “at least 15 percent” between August this year and March next year, based on how much they used on average over the previous five years. Some EU countries, though, had carve-outs from strictly following the rule, which was in any case termed a “voluntary demand reduction”. These were countries not fully connected to the European electricit­y grid or with gas pipelines to other parts of the EU or unable to free up enough pipeline gas to help other member states.

Hungary, which relies on gas piped in directly from Russia, had demanded the exception. Germany, the EU’s economic powerhouse, took a major share of the 40 percent of EU gas imports that came from Russia last year.

Should the European Commission see a “severe gas supply shortage” or exceptiona­lly high gas demand emerging, it can ask EU countries to declare an alert for the bloc. That would make gas cuts binding and limit exceptions. While the EU has not included Russian gas in its sanctions on Moscow for the war in Ukraine, the Kremlin has drasticall­y cut supplies anyway in what Brussels seems as an attempt to strongarm Europe.

 ?? ?? DURNROHR, Austria: An illustrati­on photo taken on August 8, 2022 shows an electric power pole and cables near Durnrohr, Austria. — AFP
DURNROHR, Austria: An illustrati­on photo taken on August 8, 2022 shows an electric power pole and cables near Durnrohr, Austria. — AFP

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