The European Union decided to exclude Russian gas from joint purchases: where will they get the fuel

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The European Union decided to exclude Russian gas from joint purchases: where will they get fuel

The European Commission will hire an intermediary who will consider all requests and find profitable gas offers. EU countries are required to purchase 13.5 billion cubic meters of gas under the new mechanism to fill storage facilities in 2023.

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The energy ministers of the European Union countries at a meeting on November 24 in Brussels agreed to exclude Russian gas from contracts for joint purchases. This is stated in the statement of the European Commission following the meeting of ministers.

The volume of joint purchases next year should be at least 15% of the volume of gas storage facilities of the member countries – 13.5 billion cubic meters. Officials believe that European countries will buy gas on the international market and refuse to supply blue fuel from Russia.

“Member countries emphasized that Russian gas will be excluded from joint purchases,” officials said.< /p>

The new measures, as indicated by the European Commission, will increase the solidarity of countries in an emergency and gas shortages, as well as limit the volatility of energy prices.

The EU will hire an intermediary to calculate aggregate demand and search for gas offers on world markets. EU Member States will oblige companies to use the services of an intermediary to bring the volume of purchased gas up to 15% of their obligations to fill gas storage facilities.

The second stage provides for the right of companies to buy gas through the platform individually or collectively from natural gas producers or suppliers , the commission explained.

Note that, according to Bloomberg, the supply of Russian liquefied gas in October of this year approached a record volume. The export of raw materials grew by 1.1% year-on-year – up to 2.9 million tons.

Polish Prime Minister Mateusz Morawiecki compared Russia with a drug dealer who “hooked” Europe on cheap gas. In October, the price of gas in Europe fell by 8 times against the backdrop of low demand.

Focus Earlier wrote that Turkey decided to pay for Russian gas in rubles. Russia thus wants to avoid part of the Western sanctions for starting a war in Ukraine.