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EU Leaders To Urge Firms To Make Use Of Joint Gas Buying

NATURAL GAS

European Union country leaders could urge companies next week to take part in a scheme for countries to jointly buy gas, according to draft conclusions for a summit in Brussels.

  • "It (the council of EU leaders) calls on all stakeholders involved to make full use of the joint purchasing mechanism," the draft said.
  • The draft conclusions would also ask the Commission to "where necessary" make proposals to extend emergency policies agreed at the height of last year's energy crisis.
  • The Commission plans to propose extending a voluntary target to cut winter gas consumption by 15%.
  • It said Europe's energy security, which was impacted by Russia slashing gas supplies last year, has improved, but said the EU must prepare for next winter.

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