EU takes aim at the TTF
The bloc’s energy crisis plans include proposals that threaten to distort the global gas market and may have unintended consequences
The EU’s council of energy ministers will hold another extraordinary meeting on 24 November, “where we will conclude everything”, says council chairman and Czech trade minister Jozef Sikela. His statement came after the council met to discuss European Commission proposals to tackle the energy crisis, although significant disagreement between member states has been widely reported. The proposals comprise the introduction of joint gas purchasing by member states, establishing what EU Energy Commissioner Kadri Simson terms a “dynamic cap on TTF” prices before the eventual introduction of a new, alternative gas benchmark and further measures “to strengthen solidarity between member states”. Afte

Also in this section
28 September 2023
Oil minister Oun sends out cautiously optimistic message on oil and gas outlook and says pilot project ready to unlock huge shale reserves key to further growth
27 September 2023
Regional industry body ANGEA remains bullish about Asia's adoption of gas and LNG, despite elevated prices and logistical challenges
26 September 2023
Half a century after the 1973 conflict, the world is dramatically different. But OPEC’s power remains
26 September 2023
Bottlenecks continue to constrain gas-rich Appalachia, and relief may not be in the pipeline