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EU Ambassadors latest draft text, for discussion on Wednesday, calls for the Commission to unveil proposals by end-May on reducing Europe's "dependency on Russian gas, oil and coal imports", via Politico

Important
SourceNewsquawk
SectionGlobal News

Draft conclusions call for:

  • Refilling of gas storage as soon as is possible
  • Working together, preferably, on the joint purchase of gas, LNG and hydrogen.
  • On this, a diplomat notes filling gas storage as soon as possible is contradictory to reducing Russian demand, as such a step will likely increase short-term demand for Russian supplies.

Spanish Proposal:

  • Temporary wholesale price limit and a mechanism to limit contagion effects of elevated energy prices.
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