Transport fuel is one of the largest sources of greenhouse gas (GHG) emissions in the European Union (EU). In line with the European Green Deal’s goal of achieving climate neutrality by 2050, 15 EU-funded projects use renewable fuel technologies that will support the transition to clean energy in the transport sector and contribute to the […]
European Commission launches AggregateEU mechanism for joint gas purchases by European companies
The Commission launched an innovative process for European companies to register their gas procurement needs through the AggregateEU mechanism, in preparation for aggregated gas procurement at EU level. This is an important milestone for the EU, allowing it to prepare for the coming winter by coordinating a timely replenishment of gas stocks and using its […]
Council agrees on mechanism to limit excessive gas prices
EU energy ministers reached a political agreement on a Council regulation that sets a market correction mechanism to protect citizens and the economy against excessively high prices. The regulation aims to limit episodes of excessive gas prices in the EU that do not reflect world market prices, while ensuring security of energy supply and the […]
First high-level roundtable on joint gas purchasing
The European Commission convened a high-level industrial roundtable to support the work of the EU Energy Platform in further advancing on joint gas purchasing which is due to kick off in 2023. The meeting follows the adoption by EU Energy Ministers of the Commission’s proposed Regulation on enhancing solidarity through better coordination of gas […]
Commission proposes a new EU instrument to limit excessive gas price spikes
the Commission has continued its response to the ongoing energy crisis by proposing a Market Correction Mechanism to protect EU businesses and households from episodes of excessively high gas prices in the EU. This complements measures to reduce gas demand and ensure security of supply through diversification of energy supplies. The new mechanism aims to reduce the volatility […]
European Council conclusions on energy and economy, 20 October 2022
Energy and economy In the face of Russia’s weaponisation of energy, the European Union will remain united to protect its citizens and businesses and take the necessary measures as a matter of urgency. The European Council has agreed that in light of the ongoing crisis, efforts to reduce demand, to ensure security of supply, to […]
Declaration by Josep Borrell on leaks in the Nord Stream gas pipelines
The European Union is deeply concerned about damage to the Nord Stream 1 and 2 pipelines that has resulted in leaks in the international waters of the Baltic Sea. Safety and environmental concerns are of utmost priority. These incidents are not a coincidence and affect us all. All available information indicates those leaks are the […]
Extraordinary Transport, Telecommunications and Energy Council (Energy), 9 de septiembre de 2022
Main results EU energy ministers held two exchanges of views on the energy situation in the EU. Measures to mitigate high energy prices During the first discussion ministers expressed their preferences on different policy options to alleviate the burden of high energy prices on citizens, public services, businesses and industry, which could be implemented at the EU-level in a short […]
Statement by President von der Leyen on energy
We are facing an extraordinary situation, not only because Russia is an unreliable supplier, as we have witnessed over the last days, weeks, months, but also because Russia is actively manipulating the gas market. I am deeply convinced that with our unity, our determination, our solidarity, we will prevail. And we have, over the last […]