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EU launches subscription process for joint gas supplies

The EU’s demand aggregation and joint purchasing mechanism, Aggregate EU has announced the launch of a subscription process for joint gas procurement, the Energy Community reported on Thursday (30 March).

Gas companies and industrial actors operating in Europe (EU Member States and the Energy Community Contracting Parties) can now subscribe to the service. 

This marks a significant milestone “enhancing solidarity through improved coordination of gas purchases, reliable price benchmarks and cross-border gas exchanges,” the Energy Community Secretariat said in its press release.

The subscription process is a step towards organising the first demand aggregation in April, followed by a publication of the first tender for international gas suppliers in May.

“Joint gas purchasing is a vital initiative in ensuring high energy supply security for the EU and the Energy Community. It will enable the EU to bring gas to Europe at more sustainable prices, fill up gas storages ahead of the next winter, and diversify its sources of supply as it completes the phase-out of Russian gas,” the Secretariat’s press release added.

The Energy Community’s Contracting Parties include Albania, Bosnia and Herzegovina, Kosovo, North Macedonia, Georgia, Moldova, Montenegro, Serbia and Ukraine.

The Energy Community Secretariat provides “ongoing support” to gas and industrial companies operating in the Contracting Parties of the Energy Community to subscribe to and utilise the new platform.

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