Luxembourg has largely achieved its natural gas consumption reduction targets and its electricity consumption "continues to fall," announced the Ministry of Energy on Tuesday.

Luxembourg's efforts to cut its natural gas consumption are not only still bearing fruit, but they have even exceeded the European Union's target set after the outbreak of the war in Ukraine.

According to the Ministry of Energy, the reduction in natural gas usage in March 2023 "corresponded to about 20.5% compared to the reference period from 2017 to 2022," based on the results of Luxembourg's efforts from 1 August 2022 to 31 March 2023.

The total reduction in natural gas consumption is -26.3%, greatly exceeding the EU Member States' target of a 15% reduction in natural gas demand.

The EU Energy Ministers approved a one-year extension of the emergency gas savings regulation on 28 March 2023. The 15% natural gas savings target therefore stays in effect until 31 March 2024.

Electricity consumption in Luxembourg has also continued to fall since June 2022. A decrease of -4.09% compared to the reference period of the years 2017 to 2022 was recorded in March 2023.