Gas

The European Commission launched, on Wednesday, the first-ever international tender for joint purchasing of EU gas supplies in a move to help boost security of supply and tackle high energy prices. The EC representatives say that the joint purchasing of gas will help the European industry not only through prices, but also through the establishment of economic relations for contracting alternatives, given that the member states want to completely eliminate Russian gas from consumption. The first tender will take place until May 15 and targets gas to be delivery as of June 2023 until May 2024.