EU forms team to start jointly buying non-Russian gas
BRUSSELS (Reuters) - The European Union has launched a platform for European Union countries to jointly buy gas and liquefied natural gas as they seek to cut reliance on Russian fuels and build a buffer against supply shocks.
The invasion of Ukraine by Russia, Europe's top gas supplier, pushed already-high energy prices to record peaks and put the EU on a mission to cut reliance on Russian fossil fuels by increasing imports from other countries and expanding renewable energy faster.
EU country leaders approved joint gas buying at a summit last month, which members including Spain and Greece had called for to provide a buffer against potential supply disruptions. Russia supplies 40% of EU gas.
The newly-formed platform of Commission and EU country representatives met on Thursday, and will pool countries' demands and coordinate talks with major gas and LNG suppliers.
https://finance.yahoo.com/news/eu-forms-team-start-jointly-121129232.html