Gas prices

All news and posts of our editorial team on the topic

Joint gas purchase: supply exceeds demand
The tender round for the first joint gas purchase under the EU energy platform AggregateEU ended on May 15. The Commission thinks this new program was a success. Accordingly, 25 gas suppliers submitted bids with a volume of 13.4 billion cubic meters of gas, as the Commission announced yesterday in Brussels. It said this exceeded […] continue reading →
Council wants regulated gas prices for SMEs
In the event of future energy crises, the EU states want to retain the permanent option of setting low gas prices, even for small and medium-sized enterprises. This emerges from the latest draft of the Swedish Council Presidency on the amendment of the Gas Market Directive from Tuesday, which is available to Table.Media. The seventh […] continue reading →
Gas: Commission wants to reduce consumption in summer
The EU member states are to save more gas in the upcoming summer, according to the Commission. Analogous to the previous year, the member states could face additional savings in the order of seven billion cubic meters (bcm) of gas. This is the result of a draft regulation published yesterday and the analysis of Eurostat […] continue reading →
Gas worries and a nuclear alliance
At the meeting of energy ministers, France wins new supporters for its nuclear initiatives. Germany wants to commit EU members to a higher gas savings target, while Luxembourg and Finland succeed in pioneering the expansion of renewables. continue reading →
LNG terminals: EU experts warned of overcapacity
The EU Commission informed the German government early on that, according to the Brussels authority, Germany only needs a few terminals for liquefied natural gas (LNG). This emerges from internal minutes obtained by Table.Media. Berlin nevertheless pursued other plans. continue reading →
IEA: gas gap narrowing
The risk of a gas shortfall this year has narrowed significantly, according to a new report from the International Energy Agency (IEA). In a pessimistic scenario, a gap of 40 billion cubic meters (bcm) still looms, according to an updated estimate released Wednesday. In a December analysis, the IEA had still put the looming gap […] continue reading →
Joint gas purchasing runs via Leipzig
The platform for joint gas purchasing and demand bundling will be operated by Leipzig-based Prisma. “We are pleased and proud that we were able to offer the European Union a convincing solution in such a short time,” said Götz Lincke, Managing Director of Prisma, according to a statement on Monday.Gas suppliers are expected to buy […] continue reading →
Ministry for Economic Affairs forecasts overcapacity at LNG terminals
In an internal report, the Ministry for Economic Affairs admits that the LNG terminals planned in Germany will lead to overcapacity. The budget committee has already blocked the funds for one of the terminals, and the ministry no longer believes in the planned terminal in Hamburg. continue reading →
Gas price cap subject to conditions
According to the EU Commission, there should only be a European gas price cap if the member states also save gas beyond the winter. This is the result of a draft law of the Brussels authority, which is available to Europe.Table. continue reading →
Commission warns against gas price cap
Yesterday evening, the Commission sent its non-paper on the gas price cap to the member states. At their meeting three weeks ago, the energy ministers had insisted on proposals. But the Commission now drastically shows the consequences of a general gas price cap. continue reading →
Excess profits: oil and gas threatened with extended taxation
The planned EU-wide excess profits tax for fossil energy companies could be extended from one to two years. Member states should be able to decide for themselves whether to levy the excess profits tax on oil, coal, gas, and refined products only in 2022, only in 2023 or in both years. That’s according to a […] continue reading →
Group of countries pushes EU Commission for gas price cap
A group of EU countries will urge Brussels to present plans this week for an EU-wide cap on the wholesale price of gas, according to a draft letter reported by Reuters. In the letter, the countries plan to ask the European Commission to present the proposals at Friday’s meeting of EU energy ministers, followed by […] continue reading →
Energy crisis: Commission plans new proposals
Even before the emergency meeting of energy ministers on September 30, the EU Commission intends to propose new measures to calm the electricity and gas markets. Meanwhile, Poland is preparing its own law for lower electricity prices. continue reading →
What’s cooking in Strasbourg? – Von der Leyens’ tarte flambée
Tarte flambée is on the menu for the week. When the President of the European Commission, Ursula von der Leyen, delivers her State of the European Union address on Wednesday in the Strasbourg Parliament – in the heart of Alsace, the stronghold of tarte flambée – she will give an overview of the projects her Commission intends to tackle in the coming year. continue reading →
Price cap plans exacerbate gas conflict with Russia
Ahead of the energy ministers' meeting, Commission president Ursula von der Leyen explained the emergency plan against high energy costs. A price cap for Russian gas could come very quickly. President Vladimir Putin responded by threatening a complete supply stop. continue reading →