Today’s 🇪🇺 Energy Council was not an easy one. But we did have a clear political support for several key measures to tackle the ongoing crisis.

The ministers reached political agreement on five crucial issues. 1/5

🐦🔗: nitter.eu/KadriSimson/status/1

First, for making joint purchases of gas a reality. We have a process in place that will allow us to pool our demand & buy 13.5bcm of gas together next year.

This prevents us from outbidding each other on the global market & helps to fill the storage. 2/5

🐦🔗: nitter.eu/KadriSimson/status/1

Second, to give @EU_acer the task of developing a new LNG benchmark by the end of March.

The current most popular benchmark, , no longer reflects the situation on the EU gas market & a complimentary instrument is needed. 3/5

🐦🔗: nitter.eu/KadriSimson/status/1

Third, we will develop circuit breakers for intra-day derivatives trading, to avoid excessive volatility & ease liquidity stress for energy utilities.

Fourth, to reinforce solidarity & make sure that in case we face emergency, no Member State will be left alone. 4/5

🐦🔗: nitter.eu/KadriSimson/status/1

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And fifth, we will accelerate the permitting process for technologies that can make a difference already this winter. For example, installing ☀️PV-s & heat pumps.

We are also establishing the principle that projects are in overriding public interest. 5/5

🐦🔗: nitter.eu/KadriSimson/status/1

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