| Author (Corporate) | European Commission: DG Energy |
|---|---|
| Series Details | COM (2022) 360 |
| Publication Date | 20/07/2022 |
| Content Type | Blog & Commentary, News, Policy-making |
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Summary: Communication adopted by the European Commission on 20 July 2022, setting out measures aimed at tackling further disruption in gas supplies from Russia in a coordinated manner ahead of the winter season. Further information: Russia's invasion of Ukraine further added to the volatility of energy markets, fuelling energy insecurity across the world and with particular impact on the European Union (EU) and its immediate neighbourhood. In May 2022, the European Commission adopted its REPowerEU strategy aimed at bringing dependence on Russian gas to an end as soon as possible. However, there is an understanding that the EU should accelerate its preparations for the immediate impact that potential further disruptions - including a complete cut-off - of Russian gas supplies could have. The European Council requested in May and June 2022 that such preparations were carried out as a matter of urgency. This Communication provides an overview of a further set of actions that complement measures already in place to prepare for disruption. This is known as the Safe Gas for Winter package. It focuses on the demand side. It reviews the existing situation and the steps already taken, and it outlines the tools that the EU has available to respond. It also proposes additional actions for a coordinated demand reduction, and a ramping up of the EU's joint efforts on supply. Among the actions, the Commission put forward a new European Gas Demand Reduction Plan (annex of the Communication) and a draft Council Regulation envisaging an immediate recommendation for a voluntary gas demand reduction in all Member States, as well as a process to trigger a binding demand reduction target should it became necessary. |
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| Source Link | Link to Main Source https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=COM:2022:360:FIN |
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| Subject Categories | Energy |
| Subject Tags | Energy Markets, Energy Security |
| Keywords | Natural Gas, Security of Energy Supply, War in Ukraine (2022-) |
| International Organisations | European Union [EU] |
