EU opens joint gas buying with eye to winter energy security

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Companies have until May 2 to register how much gas they want to buy through the EU scheme, which will exclude Russian gas

Matched suppliers and buyers will negotiate gas contracts. The EU will not be involved in these commercial talks.

Countries including Spain have suggested joint buying could secure better terms in global gas markets. James Watson, head of industry group Eurogas, said the scheme was a welcome attempt to prepare for industry’s and consumers’ energy needs.

 

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