Highlights Political agreement to be specified in coming days Geographical, some sector derogation possible TTF prices rise with focus on demand destruction EU energy ministers have agreed to voluntary gas demand reductions of 15% this winter but with potential exemptions for member states if the cuts are made obligatory under emergency conditions, the Czech presidency said July 26. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Voluntary savings of 15% from Aug. 1 until March 31, 2023 could amount to 45 billion cu m of gas, the European Commission has said. “Today’s decision has clearly shown the member states will stand tall against any Russian attempt to divide the EU by using energy supplies as a weapon,” Czech minister of industry and trade Jozef SÃkela said. The Council noted there would be “some exemptions and possibilities to request a derogation” from a mandatory […]