Greek energy minister, Kostas Skrekas, said today that a horizontal binding reduction of natural gas consumption is not acceptable for Greece.

Along with other European nations, such as Spain, France and Italy, Greece is against the European Commission’s call for a 15% reduction.

Skrekas said that the topic will be discussed in the upcoming energy summit in July 26, where he will also resubmit the government’s suggestion for a different power market mechanism that will separate the formation of wholesale prices from the price of natural gas.