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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.
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Free AccessEU’s Latest Joint Gas Buying Three-Times Oversubscribed: EC
The EU’s latest tender to buy gas jointly has received offers from international firms to supply nearly three-times the volumes being sought for purchase, the EC said, cited by Reuters.
- The EC launched the tender earlier this month and attracted offers for 97.4 bcm of gas to 19 EU members who had asked for 34 bcm.
- Buyers were looking to buy 15 bcm of LNG and 18 bcm of pipeline supplies.
- The latest tender was the first in which companies could seek gas for longer-term deliveries out to Oct. 2029.
- The EU is planning to pass legislation which would make the buying scheme permanent.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.