EU Could Start Joint Gas Buying To Avoid Future Supply And Price Crises

The leaders of the European Union member states are expected to discuss this week a new system to jointly buy natural gas in order to create strategic reserves to protect the countries and consumers from gas shortages and soaring energy prices. The European Commission, the EU’s executive branch, has drawn up proposals for the creation of the new system and has circulated the document among EU member states ahead of a leaders’ summit on Thursday, Reuters reported on Monday, quoting the document it had seen. “The proposals will…