EU launches mechanism for joint gas purchases ...News

News by : (Russia Today) -
Brussels hopes collective market power will help member states to negotiate better prices with suppliers Member states of the European Union can now switch to joint gas purchases as energy companies from across the bloc can register their needs via the AggregateEU mechanism, the European Commission (EC) announced on Tuesday. The measure seeks to prevent a repeat of last year’s price surge due to competition for supplies among EU countries, after the block decided to abandon Russian supplies. The EU’s executive branch believes the new tool will help the bloc to refill gas stores for next winter “in a coordinated an

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