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Third EU tender for joint gas purchasing opened

The European Commission has initiated the third EU tender for joint gas purchasing, welcoming bids from international, reliable gas suppliers. This tender, under the EU Energy Platform, was open until 4 October 2023 and covered gas deliveries from December 2023 to March 2025. The aggregated gas demand for this round amounted to 16.49 bcm, reflecting a consistent increase in demand over the three rounds so far, with 39 European companies submitting requests.

The EU has to import an increasing share of its consumption: net imports made up 93% of its consumption in 2022 compared to 65% in 2010. About 16% of the EU’s gas imports in 2022 came from Norway, followed by Russia (10%) and Germany (9%). In 2021, the share of gas provided by Russia was 40%. Gas consumption declined by 13% in 2022 to 363 bcm. Buildings (residential and services sector) accounted for 37% of total gas consumption; the remaining amount is consumed in electricity production (31%) and in industry (25%) (2022).