The EC representative, Johannes Bark, told reporters in Brussels that the European Commission plans to seal the first agreements on joint gas purchases before the summer. He explained that energy firms will join a shared platform where they can publish their projected needs for gas, aiming to coordinate buying power and stabilize prices across member states.
Following the meeting of the Inter-Agency Donor Coordination Platform for Ukraine, the Commission noted that Ukraine is closing its 2023 budget gap with support from both the IMF and the European Union. The statement underscored the bloc’s continued commitment to Ukraine’s financial stabilization while emphasizing the need for efficient use of resources in the coming years.
Ukraine also outlined a comprehensive plan for restoring its energy infrastructure, with estimated costs reaching 14.1 billion dollars. The plan highlights critical reconstruction priorities, including upgrades to power generation, transmission networks, and distribution systems to ensure reliable energy supply as rebuilding progresses.
Canadian Prime Minister Justin Trudeau announced on social media that he spoke with Ukrainian President Volodymyr Zelensky. The discussions focused on current events in Ukraine and the importance of pursuing a resolution to the conflict on terms favorable to Kyiv, reflecting ongoing international concern and a shared interest in a sustainable, multilateral pathway forward.
In parallel developments, European energy officials reiterated the potential benefits of unified gas procurement strategies for East-Central Europe and the broader Western alliance. By aligning procurement schedules and technical specifications, the EU aims to reduce volatility, improve supply security, and foster deeper energy partnerships across the continent. Analysts note that these coordinated efforts could influence global gas markets, shaping pricing dynamics and investment signals for infrastructure projects in the coming years.