Post
Topic
Board Economics
Re: EU countries agree deal to cut use of gas this winter
by
Mauser
on 27/07/2022, 06:41:15 UTC
   Due to the shortage of gas in EU base on reduction of gas supply from Russia, EU countries have come to agreement to voluntarily cut the reduce of gas consumption this winter by 15%.
    EU countries assumed that Russia might cut the supply that pumps through the Nord Stream 1 pipeline, which runs into Germany.

 Do you think this will help solve the EU gas shortage for now


This deal seems to be voluntarily for some countries, and other countries in the EU are completely exempt from it. Small island countries like Ireland and Cyprus are not linked to the European mainland gas pipelines and don't need to follow the rules. Same goes for the Baltic countries, they rely heavily for their electricity on gas and the risk for the countries electricity grid to collapse is to high, and of course Hungary opposed any deals. To me it seems that the European Union is too afraid to make strict rules for everybody and will be too soft in the end to not look authoritarian. These 15% will not solve any shortages during the winter. Russian already dropped the gas supply in the pipelines to 20% of it's normal output and cites  technical difficulties as the reason. Obviously it's all politics now and Putin wants to increase the cost for Europe to support Ukraine.