EU to Propose Extending Cuts in Gas Demand Until Next Year
- Current emergency plan is set to expire at the end of March
- Simson also said that EU should stop Russian LNG imports
A partially-lit apartment block in Strasbourg, France.
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
The European Commission will propose extending emergency gas demand reduction measures until next year to ensure it is well prepared for the coming winter, energy chief Kadri Simson said
The current voluntary target to cut consumption by 15% is set to end this month, and prolonging it is necessary to ensure enough supply for the next heating season, Simson told lawmakers Thursday. The European Union managed to reduce demand by nearly 20% over this winter.