The Strategist

Spain opposes the EC initiative to reduce gas demand

07/21/2022 - 04:04

According to Spain's Deputy Prime Minister and Minister of Environmental Transition Teresa Ribera, Spain opposes the European Commission's proposal that EU nations reduce gas demand by 15%.
The European Commission put up a new guideline regarding concerted efforts to lower gas usage. All EU member states would be required to reduce their gas use by 15% between August 1, 2022, and March 31, 2023, first as voluntary objectives. The equivalent amount of gas is 45 billion cubic meters.

At a press conference, Ribera said, "Spain is against the imposition of demands that exceed the part of the obligations that pertain to us."

She urged on the energy ministers to settle their disagreements at a meeting in Brussels in a week and expressed her sincere concern over the "lack of interaction" between the European Commission and member states.

A decrease in gas use could result in a "severe loss of competitiveness" for Spanish industry, and Ribera asserted that the government would protect interests of the nation's business community.

Given Spain's reserves and ability to import liquefied natural gas, she made it clear that "no matter what happens," the Spaniards will not suffer from lower supply.