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Monday, May 23, 2022
HomeEconomyEuropean countries decided to force gas sharing

European countries decided to force gas sharing

El País reported that the European Commission plans to require EU countries to share gas

On May 18, the European Commission (EC) is scheduled to approve a plan in case gas supplies from Russia are cut off. Those countries that have alternative import sources have decided to force them to share fuel with other states. El País writes about it.

Brussels also raises certain requirements for the rationing of consumption, which can be introduced first in the industrial sector: companies from countries that are better off should not have a competitive advantage over companies from the most seriously affected states.

As countries try to avoid rationing by resorting to other consumption restrictions (such as lowering the temperature in buildings), the risk of an energy emergency is increasing. In the event of a complete cut-off of Russian supply, the problems could affect almost the entire region: some countries will be affected directly by the lack of gas from Russia, others indirectly, by the need to share with neighbors.

Russia has already halted gas exports to several EU countries that refused to comply with requirements to pay for gas with ruble accounts. There is no final clarity on the use of the new scheme by all of Gazprom’s partners in Europe, including due to the fact that the European Commission called such a mechanism a sanctions violation.

On May 7, Bloomberg reported that Gazprom had sent a letter to its European customers to assure them that they could pay for gasoline without violating sanctions. The letter speaks of a new decree, according to which gas payments will be accepted in foreign currency, and then exchanged for rubles through the accounts of the National Clearing Center.


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