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“European Gas Tender: Calls for International Suppliers to Meet Increasing Demand”

2023-05-10 13:16:36

For this first call for tenders, which covers deliveries expected between June 2023 and May 2024, 77 European companies submitted their requests for a total volume of approximately 11.6 billion m3 of gas, including 2.8 natural gas liquefied (LNG) and 9.6 for pipeline delivery.

International gas suppliers, excluding Russia, are now invited to respond to this aggregate demand by submitting their offers by May 15. The best ones will then be forwarded to client companies for commercial discussions until the transaction is concluded.

New tenders will take place every two months until the end of the year. EU states must participate in this aggregation mechanism for at least 15% of the volumes needed to reach the filling target set by the EU (90% of their storage capacity by November).

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