MarketsEU countries agreed to exclude from joint purchases of...

EU countries agreed to exclude from joint purchases of Russian gas

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EU energy ministers agreed to exclude Russian gas from joint purchase agreements. This was reported by RIA Novosti based on a document drawn up after an informal meeting of EU officials in Brussels.

According to the newspaper, EU countries have agreed to buy at least 13.5 billion cubic meters, or 15% of the total gas needed to fill the warehouses, through the joint procurement mechanism next year. At the same time, the energy ministers emphasized that Russian gas will not be included in the joint purchases, the document says.

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However, the text does not define the term “Russian gas” and this leaves room for maneuver for EU countries. It is possible that fuel produced in Russia, but purchased through intermediaries, is not considered Russian.

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The publication explains that the joint procurement mechanism involves the hiring of an intermediary who will get to know the data on the needs of EU gas companies, and then find a supplier. EU countries will oblige companies to use supplier services so that the share of purchased gas reaches 15% of storage filling obligations in 2023, the document says.

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Source: rambler

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James
James
I’m a news writer for 24 Happenings, an online magazine that caters to people who want to know about things that are happening in the world. I grew up in the Midwest and have always been interested in writing. After trying out a few different styles of writing, I landed on my current genre – investigative journalism. When I’m not working on my next project or following my favorite team, I like to spend time with family or go for walks around my neighborhood.

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