The importance of the joint procurement by the European Union of natural gas as a supranational entity in order to squeeze prices was emphasized by Prime Minister Kyriakos Mitsotakis, upon his arrival at the European Council Summit in Brussels.
Entering the site, Mr. Mitsotakis made the following statement:
“We will soon have the opportunity to discuss the latest developments in Ukraine in the presence of President Biden. Ukraine can be defended in the best possible way.
We will also have the opportunity to approve the very important text of the Compass Strategy which delimits the framework for the European Union’s foreign policy and which includes the Greek concerns and the Greek reflections on the situation prevailing in the Eastern Mediterranean. .
Tomorrow morning we will have a very substantive debate on the issue of energy. It is quite clear that the crisis in Ukraine has a very significant impact on world energy prices, gas prices and, of course, electricity prices. And this is true for all European citizens and all European companies. All Member States – to the best of their ability – support businesses and households through national budgets.
That, however, will not be enough. We need a structured European response. The Greek Government has submitted a proposal regarding the imposition of a ceiling, a ceiling, on gas prices, in the wholesale market, so that in this way the prices of electricity can be compressed. And the wholesale gas market should not be a scapegoat for profiteers, but should meet the real forces of supply and demand.
At the same time, we support the need for the European Union to be able to supply gas as a supranational entity and to negotiate with gas suppliers as a whole, whether we are talking about pipeline gas or liquefied natural gas so that it can be liquefied. even more prices. In other words, to do in simple words exactly what we did in COVID-19 when we bought vaccines as a European Union as a whole and did not let the Member States negotiate on their own. In order for this to happen, obviously, all the Member States will have to agree and delegate this responsibility to the European Union. “We will support this position because we believe that in this way we will be able to strengthen our purchasing power and further de-escalate gas prices.”
Source: Capital
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