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EU Tries to Ween Itself Off Russian Gas

Redacted is an independent platform, unencumbered by external factors or restrictive policies, on which Clayton and Natali Morris bring you quality information, balanced reporting, constructive debate, and thoughtful narratives.

The European Union is prepping for a full stop of Russian gas.

EU member states agreed Tuesday to a proposal that outlined the process for reducing each country’s use of gas by 15%. The reduction is voluntary for now, but there is a process for it to become mandatory in emergency situations. Such as…Russia cutting off all gas, which European Commission President Ursula von der Leyen says is a “likely scenario.” The latest signal of this is today’s expected reduction of gas flows through the Nord Stream 1 pipeline to 20% capacity.

Because of the looming threat, this agreement had a super-fast turnaround. There are carve-outs and exceptions, but most of the EU supports it. Hungary was the only opposing member, which is not a surprise.

Last year, Russia supplied 40% of the EU’s gas. That would definitely be missed if it went away. This proposal will hurt, but it allows countries to voluntarily save gas when they have it for a rainy day when they don’t.

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