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EU Joint Gas Purchase Permanent Amid Recent Mid-Term Tender

NATURAL GAS

The EU’s joint gas purchase platform will become permanent, according to the Commission’s executive vice-president Maros Sefcovic.

  • The platform was initially introduced as a crisis measure following Russia’s invasion of Ukraine.
  • The EU’s first mid-term tender allowing companies to place their demand for seasonal six-month periods from April 2024 to October 2029 saw orders from 19 companies for a volume of 34bcm.
  • LNG demand was 15.3bcm and 18.3bcm was requested via pipeline.
  • International suppliers can submit their offers to meet the demand until Feb. 26.

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