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EU Matches 11.9BCM of Gas Demand in Third Tender

NATURAL GAS

The EU’s third tender under its joint gas purchasing platform matched 11.9bcm of natural gas supply and demand according to Commission Vice-President Marcos Sefcovic.

  • The third tender round received applications for 16.4bcm of natural gas demand for the period December 2023 to March 2025.
  • In the second tender round, the EU matched 12bcm of supply and demand and 10.9bcm in the first round.
  • Under EU rules approved last year, companies must pool gas demand equal to at least 15% of their storage obligations for next winter and seek overs for it through the platform.

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