European Commissioner for Energy: We will propose measures to reduce demand in July

The July proposal will identify critical sectors where reducing gas use would disrupt supply chains.

Natural gas is one of the most difficult products to reduce. Its best substitutes are petroleum products and coal, which are not exactly aligned with wider EU goals.

Earlier this month, TTF prices soared following the outage of an LNG facility in the United States and lower flows from Russian pipelines. Stocks are near average for this time of year, but they won’t increase without Russian gas and US LNG. The key will be where they are in October.

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