EU’s Joint Natural Gas Purchases Scheme Fails to Gain Traction ...Middle East

The European Union’s joint natural gas purchase mechanism, AggregateEU, has not turned into a game-changer for Europe’s gas market or supply of the fuel, according to sources familiar with the confidential data quoted by the Financial Times. At the height of the energy crisis, the EU launched the so-called AggregateEU to enable demand aggregation and joint gas purchasing at the European level, in a bid to boost the EU’s energy security. The mechanism aims to collect and pool gas demand from companies established in the EU or in…

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