This year, the EU will save more gas than it imports from Russia – FT

This year, the EU will save more gas than it imports from Russia – FT

The European Commission expects that this year the demand for gas in the EU will fall more than its total import from Russia.

It is reported Financial Times with reference to the document at the disposal of the editors, which the European Commission presented on Wednesday.

In a document, EU Energy Commissioner Kadri Simson said gas-saving measures are expected to reduce EU gas consumption by an additional 60 billion cubic meters in 2023.

According to her, this exceeds the volume of gas that is planned to be imported from Russia in 2023, both by pipeline transport and in the form of liquefied gas.

Last year, the European Commission adopted a number of laws aimed at reducing energy consumption and rejecting Russian imports. Countries introduced restrictions on heating temperatures and urged their citizens to save gas and electricity.

Gas prices have also recently fallen “closer to historical ranges” after peaking at €300 per MWh last August, but there remain “some risks that will need to be closely monitored,” the paper said.

We remind you:

European prices for natural gas fell down further down from the lowest level in nearly two years as a weak regional economy weighs on the demand outlook.

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