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EU Energy Platform: first tender for joint gas purchases launched today

|News
10 May 2023

Maroš Šefcovic - European Commission - Photo by: Bogdan HoyauxAfter launching the process for EU companies to submit demand for the amount of gas they want to buy last April, today 10th of May the European Commission in the name of the vice-president Maroš Šefčovič announced the first international tender for joint gas purchasing, under the EU Energy Platform.

EU energy platform first call to buy gas will launch on April 25

The Commission has made known that the market responded in a positive and encouraging way to the call that was launched in April. Now this demand has been collected into one aggregated package, and the Commission is tendering on the international market for suppliers to sell this gas to Europe, as the next step in the process.

“Some 107 companies have so far subscribed to participate in joint gas purchasing via the recently created AggregateEU mechanism. And more companies are in the process of doing so”, Šefčovič said.

As for the first tender launched today (10 May), 77 European companies have submitted requests for a total volume of some 11.6 billion cubic meters of gas. LNG demand represents approximately 2.8 bcm, while almost 9.6 bcm is requested for delivery via pipeline.

This first tendering round is open until the 15th of May, and it covers gas deliveries from June 2023 until May 2024. It will of course be managed via the AggregateEU platform that is more and more embodying a new form of marketplace to trade gas in Europe. 

In the context of the EU's efforts to phase out Russian gas, the platform will help European industry, including energy intensive companies, to create new commercial relations with alternative gas suppliers and push gas prices to the lower. 

After this first round of tenders, the Commission announced that there will be four more by the end of the year

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