EU Agrees To Extend Voluntary 15% Gas Demand Reduction Target For 1 Year - Council Of EU

MOSCOW (Pakistan Point News / Sputnik - 28th March, 2023) The European Union member states have agreed to extend voluntary 15% gas demand reduction target for one year, the Council of the EU said on Tuesday.

"The Council today reached a political agreement on a proposal to extend the member states' voluntary 15% gas demand reduction target, for one year. The regulation maintains the possibility for the Council to trigger a 'Union alert' on security of supply, in which case the gas demand reduction would become mandatory," the council said in a statement.