Of Haris Fludopoulos The strong objections expressed by a number of countries, including Greece, brought significant changes to the final text of the regulation to reduce natural gas consumption and consequently limit energy dependence on Russia. In order to reach the agreement, it was necessary to include in the final text of the regulation a […]
Tag: European Union
Five ‘yes’ to the Greek proposal for electricity market reform
By Haris Fludopoulos The Greek proposal to reform the electricity market in order to reduce the total cost by decoupling the price of electricity from the price of natural gas, was presented yesterday to the Council of Ministers of the EU. the Minister of Environment and Energy K. Skrekas. The Greek proposal that had been […]
Bloomberg: The Kremlin will continue the pressure on natural gas in Europe
The Kremlin is expected to keep vital gas flows to Europe at a minimum as long as the standoff over Ukraine continues, increasing pressure on the EU for its tough stance on Moscow, according to people familiar with Russian leadership thinking. cited by Bloomberg. In particular, the people who spoke to the agency on the […]
EU: Extends economic sanctions against Russia for 6 months
The EU is renewing economic sanctions over Russia’s military offensive against Ukraine for another six months, the EU Council said in a statement. In particular, the Council decided today to extend by six months, until January 31, 2023, the restrictive measures targeting specific sectors of the Russian economy. “These sanctions, first imposed in 2014 in […]
The EU-27 agreement on emergency measures to reduce the use of natural gas ahead of winter is ‘closed’
The 27 member states of the European Union reached an agreement on the extraordinary arrangements to reduce natural gas consumption in view of the difficult winter ahead, during the meeting of ministers responsible for energy issues in Brussels at noon on Tuesday, as announced by the Czech Presidency of the EU . “It wasn’t Mission […]
Letter from K. Mitsotakis to Ursula von der Leyen on energy
A pan-European mechanism through which industrial consumers will be compensated for the reduction in the use of natural gas and electricity for the coming winter is proposed by Prime Minister Kyriakos Mitsotakis, through his letter to Commission President Ursula von der Leyen. “The idea uses as a basis the crucial work undertaken by the European […]
A pan-European compensation mechanism for industrial consumers is proposed by K. Mitsotakis
A pan-European mechanism through which industrial consumers will be compensated for the reduction in the use of natural gas and electricity for the coming winter is proposed by Prime Minister Kyriakos Mitsotakis, through his letter to Commission President Ursula von der Leyen. “The idea uses as a basis the crucial work undertaken by the European […]
Plurality in the EU on the mandatory reduction of natural gas use – Who has objections?
Spain expects EU member states to reach an agreement to reduce natural gas use during the winter by less than 15% and on a voluntary basis during today’s meeting of energy ministers in Brussels, the Spanish energy minister said. Teresa Ribera attending the meeting. The Spanish government is opposed to a mandatory reduction in natural […]
Agreement by EU Member States on the natural gas contingency plan
The member states of the European Union have reached an agreement on the emergency plan regarding the consumption of natural gas, which was drawn up with the aim of softening the impact of the potential complete interruption of the supply of 27 from Russia, the German Agency is informed. The plan envisages a voluntary 15% […]
Commission: Revises the proposal for natural gas cuts – Gives a wide range of exceptions
The European Union is discussing a revised proposal in its plan to cut gas use, which would keep the horizontal reduction targets it has proposed to member states but provide a wide range of exceptions to the final commitments, according to a draft cited Reuters. It is recalled that last week the European Commission proposed […]
