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New Energy

EU Proposes Extending 15% Cut in Gas Demand Through Next Winter

  • EU energy ministers set to sign off on the plans next week
  • Bloc remains vigilant as global gas markets remain tight

The European Union proposed extending its target of reducing gas demand by 15% through next winter as it adjusts to lower Russian supplies. 

The measure, set up last year at the height of the energy crisis, is due to expire at the end of the month. The European Commission, the bloc’s executive arm, on Monday put forth the extension, which has broad support among the EU’s 27 member states.