Plans Made To Reduce Gas Consumption In Response To Potential Russian Supply Cuts

The European Commission is working on a proposal for European Union member states to voluntarily cut natural gas consumption by 15 percent amid concerns that Russia could halt supplies, reports Bloomberg News.

The goal is part of a regulation embedded in a demand-reduction plan that the commission is scheduled to unveil on Wednesday. It includes a mandatory trigger should the situation worsen, and voluntary reductions are insufficient, said three diplomats familiar with the...