Skip to content

EU Leaders Endorse Joint Purchases to Replace Russian Gas

  • Common gas platform to be open for Western Balkans, Ukraine
  • EU commission to discuss urgent measures to curb energy costs
Video player cover image
Biden Says LNG Deal Puts U.S., EU on `Stronger Footing'
Updated on

European Union leaders backed the idea of member states joining forces to buy natural gas to replenish depleted reserves and win lower prices in a tight market.

The political decision at a summit in Brussels on Friday paves the way for the the EU’s executive arm and interested member states to start planning for collective bargaining with international partners. The bloc seeks to replace this year nearly two-thirds of gas imports from Russia, its biggest supplier, after Moscow’s invasion of Ukraine.