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Policy

European Countries Advance the 'First Fuel' — Saving Energy

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As Europe swelters in another swath of heat waves, with near-record gas and power prices, member states are putting measures in place to save energy. Across the EU there is a gas reduction agreement agreed by member states earlier this month to reduce gas demand by at least 15% until next spring — based on a five-year average — so gas can be injected into storage, hopefully safeguarding enough gas to meet needs this winter. The goal is to save roughly 45 billion cubic meters of natural gas. EU gas storage is roughly 72% full, against a target of at least 80% by November.

Topics:
Low-Carbon Policy, Policy and Regulation, Gas Demand, Ukraine Crisis
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