Commodities
EU Prepares Emergency Energy Measures Amid Supply Crisis Fears
The European Commission is drafting plans to introduce emergency measures to mitigate energy supply crises in the EU. Under the proposed overhaul of the bloc's energy security rules, the Commission could require countries to curb electricity and gas consumption during a crisis.
The draft plan also aims to tighten gas contract disclosure and diversification rules. Additionally, it would introduce new safeguards for liquefied natural gas terminals and critical energy infrastructure.
The proposed measures are part of the EU's efforts to ensure energy security in light of ongoing supply chain disruptions and geopolitical tensions.