MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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

MNI BRIEF: Energy Plan To Bring Down Prices: Dombrovskis

(MNI) Brussels

The EU Commission has proposed minimum gas storage levels and joint-EU purchases of gas supplies in an effort to reduce rising prices, officials said Wednesday. The proposal would introduce a minimum 80% gas storage level ahead of next winter, which would rise to 90% in following years, as well as standing ready to set up a Task Force for joint-EU purchases of gas.

The Commission said that the Task Force would facilitate and strengthen the EU's international outreach to suppliers to help secure well-priced imports ahead of next winter and would be supported by a Steering Board, run by representatives of EU member states. The Task Force could even prepare the ground for future energy partnerships, looking beyond gas and LNG, to hydrogen and renewable energy supplies.

Brussels said the Task Force was inspired by the EU’s successful experience with joint purchases of vaccines during the Covid pandemic. EU leaders will discuss these various options at their summit in Brussels Thursday and Friday.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
TradePolicy NewsHomepageCEEMEABriefStoryRegion
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
TradePolicy NewsHomepageCEEMEABriefStoryRegion
True

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.