Spain, Portugal, Greece Reject EU 15% Gas Usage Cut

Related stories

Tribune at 75: A bouquet of stories, By Lasisi Olagunju

It happened that the NCNC-controlled Ibadan District Council (IDC)...

Tribune at 75: A bouquet of stories, By Lasisi Olagunju

It happened that the NCNC-controlled Ibadan District Council (IDC)...

Mass detention and returning migrants to Mexico: Donald Trump’s plans on immigration are coming into focus

The incoming Trump administration’s plans to implement strict border...

Obasanjo Blames APC Government For Nigeria’s Awful Situation, Criticizes Buhari, Tinubu

By Kolawole Ojebisi Former President Olusegun Obasanjo has said Nigeria...

Ondo Guber: I’ll Concede Defeat If… , Says Ayedatiwa 

The governorship candidate of the All Progressives Congress (APC)...

Further cracks in a united front to tackle an energy crisis in Europe have arisen Thursday, with Spain, Portugal and Greece rejecting the bloc’s plan to reduce natural gas consumption by 15% between this August and next Spring.

Just hours after a dire warning by IEA chief Fatih Birol that Europe would need a 20% cut in consumption to make winter tolerable, officials in Madrid and Lison said they would not support the 15% initiative in the face of a potential Russian gas cutoff.

According to both Spain and Portugal, mandatory reductions are unfair, particularly considering that both countries use far less Russian gas than other European Union member states.

“We will defend European values, but we won’t accept a sacrifice regarding an issue that we have not even been allowed to give our opinion on,” Spain’s Ecological Transition Minister Teresa Ribera said, as reported by the Associated Press on Thursday.

“Not matter what happens, Spanish families won’t suffer cuts to gas or to the electricity to their homes,” the official added, noting that complying with such a mandatory EU measure “would serve for nothing if the gas that could not be used by Spanish industries could not then later be used by the homes or industries of other countries”.

Speaking to Xinhua, Spain’s minister for ecological transition, Teresa Ribera, described gas consumption in Spain as reasonable.

“We want to help, but we also want to be respected,” Ribera said, adding that “a disproportionate sacrifice cannot be imposed on us”.

Likewise, Greece, which relies on Russia for some 40% of its gas, has objected to the EU plan, issuing its own contingency measures.

Greece has been spared any disruptions in natural gas supplies, largely thanks to efforts to import large volumes of LNG, Reuters reports.

Instead, Greece is proposing a EU cap mechanism on wholesale gas prices and joint gas purchases as a “European solution”, Reuters cited government spokesman Giannis Oikonomou as saying Thursday.

NB: Charles Kennedy wrote this article for Oilprice.com

Charles Kennedy
Charles Kennedy
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

Latest News
Tribune at 75: A bouquet of stories, By Lasisi OlagunjuTribune at 75: A bouquet of stories, By Lasisi OlagunjuMass detention and returning migrants to Mexico: Donald Trump’s plans on immigration are coming into focusObasanjo Blames APC Government For Nigeria's Awful Situation, Criticizes Buhari, TinubuOndo Guber: I'll Concede Defeat If... , Says Ayedatiwa Experts Warn FG: Economic Crisis To Worsen As Trump’s Massive Deportation Plan Threatens Nigeria’s $20bn Diaspora InflowOndo Guber: How Women Confirm Voting Buying In Ondo Election [VIDEO]Ondo Guber: PDP Wins Agboola’s Polling Unit As Announcement of Results BeginOndo Guber: Aiyedatiwa Wins Polling UnitTinubu Set To Host India's PM Modi On SundayOndo Guber: [PICTORIAL] PDP Candidate Ajayi Vote, Expresses Concerns Over Malfunctiong BVAS Machines, Military PersonnelHow Mike Tyson Was Defeated by Jake PaulOndo Guber: Why I'll Defeat PDP’s Ajayi, Others -Ayedatiwa BoastsHow We Spent Some Recovered Funds --EFCCWike, Very Agile, Not Sick --APC Chieftain, Okocha
X whatsapp