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EU Joint Gas Tender Matches Suppliers and Buyers for 10.9bcm

NATURAL GAS

The EU has matched gas suppliers and buyers for 10.9bcm of gas in the first joint gas tender which took place on 25 April.

  • EU says 25 suppliers made offers offering more than 30.4bcm of gas in the joint gas purchasing.
  • More than 110 companies are now signed up to the EU joint gas buying platform according to EU Commission Vice-President Maroš Sefcovic.
  • The EU is aiming for the first deals to be signed in June or July for deliveries from June to May 2024.
  • 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.

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