The recently approved mechanism for reducing gas consumption across the European Union could stabilize energy prices and maybe even lower them, said the head of Germany's Federal Network Agency, the country's energy industry regulator. "If all countries in Europe save gas, this can stabilise the price so to speak, maybe even reduce it, and contribute to making sure that there is enough gas supply for us to make it through the autumn and winter," the agency's president, Klaus Mueller said, as quoted by Reuters. The European Union approved a…
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