EU member states have approved a voluntary reduction of gas consumption by 15%. Document adopted by the EU Council of Energy Ministers, reports TASS.
“The European Council decided to extend the validity of the decision to voluntarily reduce gas consumption by 15% for the next 12 months, until March 31, 2024 (compared to the average of the last 5 years. – socialbites.ca) ”, the statement reads in the document.
With data For the period from August 2022 to January 2023, the European Commission reduced the gas consumption of EU countries by 19% compared to the average consumption level in the last five years. The target was 15%. In some countries the decrease was 40%.
Former economist Tilak Doshi declarationAs a result of the sanctions against Russia, the USA, which has good energy and other natural resources, will gain a comparative advantage over “vassal” Europe. According to the economist, erosion in energy demand will lead to deindustrialization and a sharp decline in living standards in the EU.