The EU is moving towards collective gas purchases

EU representatives intend to discuss the possibility of joint purchasing and storage of

natural gas to overcome the gas crisis in Europe, writes Bloomberg. According to the newspaper, the document prepared by the European Commission contains proposals to reduce taxes, increase the amount of state aid for companies, as well as to provide support for the low-income and most vulnerable segments of the population, BGNES reports.

The EC plans to consider possible ways for an early transition to renewable energy sources. The EC is expected to actively encourage and accelerate this transition, as Brussels considers green energy to be the most reliable insurance against future shocks. According to the project, fuel prices will decrease by April 2022. Most likely, however, the price of energy resources will exceed the average indicators of previous years.

In gas prices in Europe have risen to record levels in recent months. Experts attribute the increase in the value of futures to several factors: low use of underground gas storage facilities (UGS), limited supply from large suppliers and high demand for liquefied natural gas in Asia.

More from EUROPE:

Mikheil Saakashvili stopped the hunger strike

Who are the journalists who received the Nobel Peace Prize?

Prince Charles’ Secret Plan: The Palace Becomes a Museum, William and Kate Outside It

) Italy softens part of the COVID measures

The regime for entry into Bulgaria of citizens of United Kingdom

Gorbachev: The Nobel Peace Prize is good news

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