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EU starts fourth round of demand aggregation for joint gas purchasing

The European Commission announced on Thursday (23 November) that it is launching the fourth round for European companies to register their gas purchase needs via the AggregateEU mechanism, in view of jointly purchasing gas on the international market.

European companies have until 28 November to respond to this call for gas demand aggregation.

Prospective buyers will be able to submit their demand for gas to be delivered between January 2024 and March 2025. Their collective demand will then be put out to tender on the global market from 4 to 5 December for international suppliers to submit their bids to supply European customers, the European Commission confirmed in a press release.

“This round of gas demand aggregation is another opportunity for European companies to join forces to purchase the energy they need. As we begin the heating season for most of Europe, the EU Energy Platform continues to contribute to our efforts to keep everybody warm this winter and keep energy at affordable prices, for citizens and European industry,” said Maros Šefčovič, Executive Vice-President of the European Commission. “The EU Energy Platform is a success story in terms of our collective response to last year’s energy crisis, and it continues to serve us today.”

European Commission launches 3rd round of gas purchasing via AggregateEU

 

The EU Energy Platform was established as part of REPowerEU following the Russian full-scale invasion of Ukraine last year. Demand aggregation and joint purchasing are done via the AggregateEU mechanism which is open to all EU Member States and Energy Community Contracting Parties.

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