Get Ready For The EU Gas Buyers’ Cartel ...Middle East

Rocked by one of the worst energy crises in living memory, the European Union will make its first move as a gas buyers’ cartel next month as it launches the first tender for suppliers, Bloomberg has reported. According to Commission Vice President Maros Sefcovic, some 50 gas suppliers and large industrial gas consumers in the EU have already expressed interest in being part of the bloc’s joint gas buying effort. A key objective of the whole endeavor is to keep gas prices low by buying in larger volumes.  Although natural gas prices…

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