EU creating gas-buying cartel – Bloomberg ...News

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The bloc is hoping to clinch first deals in June with suppliers from the US, the Middle East and Africa, the outlet reports EU member states are moving towards joint gas-buying by launching the first tender next month, Bloomberg reported on Tuesday. The measure is aimed at reining in last year's surges in the price of gas, which occurred as a result of anti-Russia sanctions and of the EU policy of abandoning Russian energy. The bloc expects first contracts with suppliers from the US, the Middle East and Africa to be signed around June, according to the media outlet. “We clearly need to turn the economic tide in Eu

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