Commodities and Futures News

Spain: Proposed EU Gas Cut Not “Efficient, Fair or Equitable”

2022.07.22 19:02

Spain: Proposed EU Gas Cut Not "Efficient, Fair or Equitable"

By Scott Kanowsky 

Investing.com — Spain has hit out at a European Union plan to slash gas consumption by a sixth this autumn and winter in response to concerns over a potential disruption to the supply of Russian energy.

In an open letter to the EU Commission, Spain’s minister for ecological transition, Teresa Ribera Rodríguez, said the proposal is not “efficient, fair or equitable.” 

“We firmly believe that it is essential that the European response to this situation not be perceived as unfair and economically damaging for our citizens and industry,” Ribera wrote.

The letter comes after the EU’s plan – which calls on member states to voluntarily cut gas usage by 15% from August 1 until the end of next March – has also received condemnation from other member states, including Portugal and Greece.

EU Commission President Ursula von der Leyen has asked for unanimous backing for the proposal, saying it is a “necessary” measure to protect against a possible slowdown in Russian gas flows.

Ribera said Spain backed a “coordinated” response, but added that the EU should identify “the most effective and solidary contributions” from each member state, instead of imposing a blanket reduction across the bloc.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 74,379.93 8.49%
ethereum
Ethereum (ETH) $ 2,586.97 6.41%
tether
Tether (USDT) $ 1.00 0.00%
solana
Solana (SOL) $ 185.02 15.45%
bnb
BNB (BNB) $ 579.00 3.63%
usd-coin
USDC (USDC) $ 1.00 0.12%
xrp
XRP (XRP) $ 0.532717 4.76%
dogecoin
Dogecoin (DOGE) $ 0.203358 24.21%
staked-ether
Lido Staked Ether (STETH) $ 2,579.93 6.21%
tron
TRON (TRX) $ 0.162512 0.22%
cardano
Cardano (ADA) $ 0.358632 8.46%
the-open-network
Toncoin (TON) $ 4.77 3.52%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 9.46%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,057.34 6.67%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 74,164.87 8.49%
avalanche-2
Avalanche (AVAX) $ 26.13 13.20%
weth
WETH (WETH) $ 2,585.80 6.44%
bitcoin-cash
Bitcoin Cash (BCH) $ 375.50 11.95%
chainlink
Chainlink (LINK) $ 11.71 11.84%
sui
Sui (SUI) $ 2.30 20.06%
polkadot
Polkadot (DOT) $ 4.05 5.79%
leo-token
LEO Token (LEO) $ 6.12 0.72%
usds
USDS (USDS) $ 0.994156 0.86%
uniswap
Uniswap (UNI) $ 8.82 28.26%
litecoin
Litecoin (LTC) $ 69.61 4.24%
near
NEAR Protocol (NEAR) $ 4.14 12.52%
aptos
Aptos (APT) $ 9.13 11.35%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,715.37 6.27%
pepe
Pepe (PEPE) $ 0.000009 14.64%
internet-computer
Internet Computer (ICP) $ 7.92 10.82%
bittensor
Bittensor (TAO) $ 501.87 17.92%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.34 17.18%
dai
Dai (DAI) $ 0.999427 0.19%
kaspa
Kaspa (KAS) $ 0.118404 12.71%
monero
Monero (XMR) $ 159.81 0.44%
stellar
Stellar (XLM) $ 0.096829 5.81%
ethereum-classic
Ethereum Classic (ETC) $ 19.16 7.01%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.02%
whitebit
WhiteBIT Coin (WBT) $ 19.40 2.18%
blockstack
Stacks (STX) $ 1.67 11.81%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.318531 7.08%
dogwifcoin
dogwifhat (WIF) $ 2.43 19.28%
first-digital-usd
First Digital USD (FDUSD) $ 0.998971 0.21%
okb
OKB (OKB) $ 39.02 4.46%
crypto-com-chain
Cronos (CRO) $ 0.081661 14.29%
aave
Aave (AAVE) $ 148.89 13.11%
filecoin
Filecoin (FIL) $ 3.61 8.10%
arbitrum
Arbitrum (ARB) $ 0.519253 7.91%
mantle
Mantle (MNT) $ 0.578859 4.02%
immutable-x
Immutable (IMX) $ 1.15 7.15%