EU countries will exclude Russian gas from contracts for joint purchases

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Gas Crisis in Europe

The EU countries have decided to exclude Russian gas from joint purchases. This was reported in a statement by the European Commission, distributed on 24 November.

“Member countries emphasized that Russian gas will be excluded from joint purchases,” says in the appropriate position. “It is important that we are already starting to prepare for next winter. We must minimize the influence of Russia and possible surges in demand due to weather conditions or global market conditions. Setting a trajectory for 2023 gives market operators much-needed confidence and helps the EU get through next year’s winter safely,” said Energy Commissioner Kadri Simson.

At the same time, it is noted that the new rules will supposedly create opportunities for EU member states and their energy companies to purchase gas jointly on global markets. Now the states supposedly must “acquire through this mechanism 15% of all gas necessary to fill their gas storage facilities in 2023.”

Earlier, economist Igor Kachalov said that Europe would not be able to notice liquefied natural gas (LNG) from Russia to the US. He explained that Russian and American gas are completely different. According to him, LNG cannot simply be taken from a tanker and pumped into an old pipeline. “It is necessary to create a different technological infrastructure, which will take time and money,” he said.


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