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.