Viewpoint: EU's Joint Buying Platform Lacks Transparency, Purpose

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Despite trumpeting the success of the EU’s second tendering round for the AggregateEU joint gas procurement platform last week, the European Commission will not confirm how many supply contracts were signed or at what average price levels following an inaugural round concluded in May. A Commission spokesperson says that it is not in a position to share volume or price data as the signing of contracts occur outside of the platform. But by failing to back up whether this tool is fit for purpose, Brussels not only proves that the platform wastes limited resources, but more importantly it shows an EU that is barreling through energy policy without proper scrutiny.

Policy and Regulation, Ukraine Crisis, Gas Supply, Gas Prices, Gas Demand, Gas Inventories, LNG Supply, LNG Demand, LNG Prices
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