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EU leaders want Ukraine to participate in gas procurement

Energy was one of the most controversial topics at the European Council. When it comes to security of supply, the EU states want to involve their eastern neighbors even more; and with regards to prices, relief was signaled for Portugal and Spain.
By
Eric Bonse
Image of Eric Bonse

The Union is struggling with high gas prices, which also raise the price of electricity generated by gas-fired power plants. One possible means of relieving the burden could be joint purchases of fuel. At the European Council that ended last Friday in Brussels, French President Emmanuel Macron called joint procurement “the best instrument to lower the prices of our gas“. He pointed to the example of the COVID vaccines, which the Brussels authority ordered on behalf of member states. Support also came from Greece and Poland.

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