Economy

EU focuses on joint gas, LNG and hydrogen supply – At the Summit table the issue

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The EU is focusing on joint energy procurement, with the issue on the table at the March 24th and 25th Summit.

In fact, the draft states the following: “In view of next winter, the Member States and the European Commission will work together urgently for the joint supply of natural gas, LNG and hydrogen.”

It is a landmark decision aimed at Europe’s gradual energy independence from Russia.

The summit is also expected to consider the European South’s proposals for intervention in energy markets, in order to reduce the effects of rising prices.

The European Commission is working on a number of proposals to present to EU leaders. at the Brussels Summit on March 24-25, amid differences over a coordinated intervention.

Proponents of her case have been working to make the actual transcript of this statement available online. Instead, they argue that this money should be spent on the transition to green energy.

Proponents, on the other hand, argue that without subsidies, some member states will not be able to finance measures to support poorer households on their own if high energy prices continue. Already, EU governments have channeled billions of euros into tax cuts and subsidies to protect consumers.

Countries that oppose intervention in energy markets and the proposed price cap include Germany and the Netherlands.

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