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EU Matches 12BCM of Gas In Second Joint Tender Round

NATURAL GAS

The EU’s second tender under its joint gas purchase platform matched 12bcm of supply and demand, according to Commission Vice-President Maros Sefcovic.

  • The second tender round received applications for 15.9bcm of natural gas demand for the period up to March 2025.
  • In the first tender round, the EU matched gas suppliers and buyers for 10.9bcm of gas for the period of June 2023 to May 2024. 25 suppliers offered a total of 30.4bcm.
  • The third round of the joint gas purchasing tender will be held after the summer break.
  • Under EU rules approved last year companies must pool gas demand equal to at least 15% of their storage obligations for next winter – around 13.5bcm. – and seek offers for it through the new platform.
Energy BulletsCommodities
Energy BulletsCommodities

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