The Council of the European Union announced that a political agreement has been reached between member states to continue the coordinated reduction of gas demand in the union. This was reported by Interfax Referring to the signed document.
Reportedly, from August 2022 to January 2023, blue fuel consumption in the EU decreased by 19%, or 41.5 billion cubic meters.
According to the EU Council, the situation on world markets remains tense, despite the general improvement in gas supplies. In this context, countries are recommended to reduce gas consumption by at least 15 percent compared to the average for the period from April 1, 2017 to March 31, 2022. The discount is expected to be valid until March 31, 2025.
“The agreement reached shows our determination to be prepared for supply disruptions and to guarantee a safe winter for citizens and industry,” Minister of Energy Tinne Van der Straten told the Belgian Council Presidency. she said.
Brussels explains that the regulation aimed at reducing demand, which was implemented in 2022 as an emergency measure, has been extended until the end of March 2024 to ensure continuity of supply and reduce price fluctuations. EU bulk storage facilities must remain full at high levels throughout the winter.
Before that, AK was known. will enter In April, restrictions were imposed on Russia’s LNG supply to the EU.
Previous analysts guess Growth in global LNG demand in 2024.