The EU has said the bloc will push ahead with plans to jointly buy hydrogen and critical raw materials after its first attempt at aggregated gas purchases was oversubscribed.
Several leading energy players took part in the first round of joint gas purchases, which matched 10.9bn cubic metres of demand — more than 80 per cent of the EU’s year-end target of 13.5 bcm — from gas buyers with potential suppliers.
Participants included French utility Engie, Norway’s state-owned Equinor and Swiss-based Axpo, the companies told the Financial Times. TotalEnergies also took part, said a person familiar with the matter. Some groups acted as buyers and sellers in different EU regions.
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