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International gas suppliers – with the exception of Russian companies – are now being asked to submit bids to supply European customers, the authority in Brussels said on Wednesday. The first round of tenders covers gas deliveries from June 2023 to May 2024.
Against the background of the war in Ukraine and the sharp rise in energy prices, the commission had proposed a coordinated filling of the gas storages in 2023. The concentrated market power of the EU should ensure lower prices. In addition, it must be prevented that the EU countries outbid each other, as happened in 2022.
According to the Commission, in the first round since the end of April, 77 European companies have submitted applications via a platform for a total amount of about 11.6 billion cubic meters of gas. The EU countries had agreed to get offers through the platform for 15 percent of their national storage targets.
In a next step, offers from international gas suppliers are compared, after which the participating companies enter into negotiations with suppliers. However, you are under no obligation to accept the offers.
According to the Commission, companies owned or controlled by Russia are excluded from the programme.
(SDA)
Source: Blick
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
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