MNI BRIEF: Fed's Goolsbee Taking Job Gains With Grain Of Salt

BRIEF: EU Says Engaging With China Over EV Trade Dispute

MNI BRIEF: Draghi Calls For Tariffs, Subsidies Against China

MNI BRIEF: China May M2 Slows To Record Low Again

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

US Treasury Auction Calendar

MNI: BAKER HUGHES US RIG COUNT 590; OIL RIGS 488; GAS RIGS 98

EZ/UK Bond Supply Calendar: Slovakia, Belgium, BoE APF Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EU Joint Gas Purchase Tender Attracts 65 Submitted Demands

NATURAL GAS

Demands from 65 firms have been submitted to buy gas through the new EU joint gas buying scheme for deliveries from June to May 2024.

  • The EU is aiming for the first deals to be signed in June or July after the first joint gas buying tender took place on 25 April.
  • The scheme is aimed to help fill gas storage ahead of the winter and improve gas market access for smaller companies while avoiding a repeat of the record high energy prices seen last year.
  • The EU platform will collect offers from suppliers, and match buyers with suppliers by 17 May to then allow matched companies to negotiate gas contracts.
  • A total of 101 firms have registered interest in the platform either as buyers or sellers. Around 19 have also signed up as intermediaries to represent multiple smaller firms and 77% is for deliveries to points in pipeline networks with 23% for LNG.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.