Spain's Energy Minister: EU members could reach an agreement on natural gas on Tuesday

Spain's Energy Minister Teresa Ribera said in a statement that she expects the European Union (EU) member countries to reach an agreement on natural gas during Tuesday's meeting.

She added that she hopes the EU will agree on a goal to cut gas consumption by less than 15% through the winter if Russia halts deliveries.

Energy ministers from the bloc’s 27 member states are meeting in Brussels on Tuesday to debate over backing a proposal from the European Commission.

Related reads

• EU Energy Policy Chief: No technical reason for Russia to further cut Nord Stream flows
• EUR/USD Analysis: Traders seem non-committal, await this week's key central bank event/data risks