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European Commission wants first joint gas purchases in EU

Jan 16, 2023

The European Commission wants EU countries to start buying gas together well before the summer in order to avoid a supply crisis next winter.

This was stated by European Commission Vice President Maroš Šefčovič, writes Reuters.

After the first meeting of representatives of European Union countries to coordinate planned purchases, Shefčovič said he urged member states to quickly engage with market participants in their countries to assess the amount of gas they will buy together.


Shefčovič asked the industry to confirm whether they are interested in joining the EU's joint gas purchase scheme, which the Commission hopes will help Europe fill its depleted storage facilities and negotiate lower prices by using countries' collective purchasing power.

"We are working on a tight schedule to get ready in time for next winter and the storage replenishment season," he said.

Author - Olena Madiak, 16/01/2023

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