A ‘strategic reserve’ of gas to be released in an emergency is one idea being floated, according to a source
The EU is considering joint purchase of natural gas in response to the energy price surge that has sent household bills and industrial costs soaring across the continent.
One idea being floated by the European Commission is the collective purchase of gas stocks to form a “strategic reserve” that would be released during an emergency, according to an EU source. As with the EU’s common procurement of coronavirus vaccines, participation would be voluntary. But any action is not likely to be swift.
