EU Finally Strikes Deal To Slash Gas Demand As Russia Starts Squeezing Taps Closed

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EU Finally Strikes Deal To Slash Gas Demand As Russia Starts Squeezing Taps Closed
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Tuesday for countries to slash gas demand by as much as 15% from August to March, as the bloc tries to wean itself off Russian gas supplies amid its invasion of Ukraine.... [+]The “voluntary reduction” by all 27 member states will focus on reducing consumption in the electricity sector and encouraging alternative energy sources, the EU said, and will not prioritize cutting gas for consumers or essential sectors like healthcare.

Energy ministers from across the bloc met in Brussels Tuesday to discuss details of the deal, which had facedIn efforts to appease some member states, the deal includes exemptions, including for countries who rely heavily on gas to produce electricity but who aren’t synced to the bloc’s electricity system.

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