Ukraine, the European Union reaches agreement on gas cutting
Agreement between the 27 on the gas emergency plan a few hours from the Energy Council. According to what the Dpa has learned from diplomatic sourcesthe member countries have given the green light to the plan which provides for a voluntary reduction of 15% of gas consumption from next 1st August until 31st March 2023. A mechanism will also be created to trigger the alert on supplies with binding savings targets that will be set by the Council and not by the European Commission, as the original plan envisaged. The plan will be approved on the same day, by a qualified majority, by the ministers of the EU Energy.
“Unity and solidarity are the best weapons we have against Putin and I’m sure that’s what we’re going to show at the end of the day today. ”He says so the Czech Minister of Industry Jozef Sikelaon the sidelines of the extraordinary Energy Council which meets today in Brussels to vote on the plan to save gas for next winter.
Agreement on gas cutting in Europe, Cingolani: “I am satisfied: we should save about 7% compared to the average”
The Minister of Ecological Transition, Roberto Cingolanisaid he was satisfied with the agreement reached at the Extraordinary Energy Council in Brussels on European gas reduction plan. “I am satisfied with the agreement reached. The 15 percent gas savings have been calculated on the basis of the different situations in each Member State. With the rules established today, we should save about 7 percent of the gas average used in the last five years, during the period from 1st August to 30th March 2023. When we made the gas differentiation plan, we already envisaged a savings plan equal to or greater than this figure. Our actions are already compatible with this planfor which we are satisfied “, he declared.
The European negotiations, explained Cingolani, “went very well” and “the important thing” is that the 15% savings set as a common target “was then calculated according to the local conditions of the various countries, based on the energy mix, how much they export, how they are interconnected. Initially it was 15% the same for everyone, now it has been specialized country by country“.
For Italy, the minister indicated, “an important point is to understand how interconnected it is with others“, but at the European level the measure decided in Brussels” is correct because we all have to save, now it will be necessary do some communication for the citizens“.
At a later stage, “when a little more gas is made available” as a result of the savings made by Member States, “the second step will be to understand how to distribute it to create a European solidarity“, added the minister, specifying that” the gas saved will allow the countries most in need to plug the leak “.
The EU reaches the energy agreement, the price of gas flies over 200 euros. Birol: “Insufficient cut”
It doesn’t stop there gas travel to the ttf. The futures contract expiring in September 2022 broke through 200 euros per megawatt hour, hitting a record level. Prices are up 13.34% to 202.245 euros per megawatt hour.
On the day when the energy ministers of the European Union reached an agreement on the emergency plan presented by the European Commission for a 15% cut in gas consumption, the president of the International Energy Agency, Fatih Birolgoes further and asks to aim for a saving of 20%. It is a cut, he explained in an interview with the German television broadcaster Zdf, nIt is necessary to overcome the next winter without deficienciesa period that will be a “historic test” for Europe.
“If we do not take serious measures, we could face a serious gas supply crisis,” said Birol, indicating that this would have “consequences” that go beyond the energy sector and that the cut agreed today of 15% is insufficient.
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