EC vice-president: EU to form cartel for gas purchases by April

No time to read?
Get a summary

European Commission Vice-President Maros Sefcovic said that the European Union plans to announce a tender for gas supply in April with the aim of lowering energy prices. It has been reported Bloomberg.

Since the publication of the tender, the EU expects to sign the first contracts with suppliers from the United States, Africa and the Middle East by June.

“I hope we will create a new system that will increase competition, attract new suppliers and lower energy prices,” said Šefčović.

As announced, more than 50 suppliers are ready for energy cooperation with Europe.

“The need to deal with prices is becoming more and more urgent,” the EC vice-president said. said.

Former EC President Ursula von der Leyen suggested Ukraine will participate in joint purchases of EU gas. Prior to that, the head of the EC stated that the European Union plans to introduce new sanctions against the Russian Federation.

No time to read?
Get a summary
Previous Article

Fixed rate mortgage peak

Next Article

A world without men doesn’t look any better