EU countries agreed to exclude Russian gas from joint purchases
Brussels, 24 November 2022, 23:06 — REGNUM The EU countries agreed to exclude Russian gas from contracts for joint purchases, the European Commission reported on November 24.
Earlier, the Minister of Industry and Trade of the Czech Republic, Josef Sikela, said that the energy ministers of the EU countries had previously agreed on a new mechanism for joint gas purchases for the winter of 2023-2024.
In October 2022, the European Commission proposed to jointly purchase 13.5 billion cubic meters of gas to fill storage facilities in the winter of 2023-2024 (about 15% of the total need).
The authors of this idea suggest that joint large purchases will reduce wholesale prices, as well as remove the problem of competition for gas between the EU countries.
In the autumn of 2021, gas prices in Europe rose rapidly, exceeding $1,000 per 1,000 cubic meters. Among the main reasons are the low level of storage occupancy and the decrease in the volume of supplies of American LNG. At the same time, some politicians in the EU continue to criticize Russia – on the one hand, for the construction of Nord Stream 2, on the other – for the alleged refusal to increase the volume of supplies. The rise in gas prices in European countries led to a significant increase in the cost of electricity for consumers and the ruin of a number of supplier companies. The Russian authorities have repeatedly pointed out that the European countries themselves are to blame for the current situation – the collapse of the system of long-term contracts for the supply of Russian gas, which was initiated by European bureaucrats, led to an increase in prices. The energy crisis worsened against the backdrop of sanctions in connection with a special Russian military operation in the Donbass and on the territory of the former. Ukrainian SSR. In 2022, the cost of 1,000 cubic meters of gas exceeded the $2,000 mark several times.