MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EU Opens Tool For Joint Gas Purchases

NATURAL GAS

The European union officially opened its tool, AggregateEU, for joint gas purchases on Tuesday for companies to start submitting their gas-demand projections for June 2023 – May 2024 period.

  • AggregateEU aims to use the EU’s collective market power to negotiate better prices with international suppliers, which will be particularly valuable to smaller entities or those in landlocked countries, the EC said.
  • After the data are aggregated and analyzed and potential sellers submit their offers, both sides can see best matches and complete deals on their own or via special agents. That is expected after May 17.
  • It remains to be seen if major buyers will use the mechanism and how big the collective buying might be. Following the first tender, the EU plans to organize more joint purchases every two months mandating that governments pool demand for 15% of their storage-filling obligations. That target equates to roughly 13bcm this year.
  • “The more participants we have, the higher the chances of finding attractive gas deals,” EU Commission Vice-President Maros Sefcovic said.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.