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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.
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EU Nations Push Back Against German Gas Tariff
Austria, the Czech Republic, Hungary and Slovakia have stepped up pressure on Brussels to push back against Germany over a gas tariff they say goes against European energy security measures.
- Germany places an extra fee on fuel taken out of its gas storage to try and recoup losses on volumes injected when prices soared following the Russian invasion of Ukraine.
- The Commission has prepared legal action against Germany over the tariff but has not launched any lawsuit yet according to Reuters sources.
- "Together with the scheduled end of transit of Russian gas via Ukraine by the end of this year, the levy will significantly reduce the security of supply of the whole CEE (Central and Eastern Europe) region," the four countries said.
- The levy is expected to be discussed on Thursday at a meeting in Brussels.
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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.