(MENAFN) Bloomberg reported on Wednesday that the European Union is considering a series of emergency measures to offset the effect of a possible Russian gas shutdown. Stockpiling, diverting supplies to vital businesses and imposing limits on public use are among the solutions under consideration.

The actions are outlined in a draft document seen by Bloomberg, which calls for “early joint action at the EU level” to address the bloc’s concerns that Russia could unexpectedly cut gas supplies to the continent.

“Acting now could reduce the impact of a sudden supply disruption by a third,” the European Commission said in the document, which a news agency said is still subject to change before it is adopted as a new document. politics next week.

According to the study, Russian gas flows are currently less than 30% of the 2016-2021 average. If Russia pulls the plug, the EU wants to dispose of 80% of its gas reserves to “minimize by a third the effect of a sudden interruption of supply”.

In the event of a cut, the EU intends to urge countries to prioritize supply chains and critical industries, while rewarding lower consumption with “market-based measures”. “, such as auctions or tendering procedures, which would drive up prices.


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