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The EC intends to spur EU countries to switch from natural gas to biogas


Október, 14 2021
watermark Economic news

By the end of this year, the European Commission intends to propose rules and measures that should facilitate the transition of EU countries from fossil natural gas to a cleaner fuel – biogas.  


European Commissioner for Energy Kadri Simson noted that as many countries move towards decarbonization, fossil gas will definitely be replaced by renewable gas, be it biomethane or renewable hydrogen. And the establishment of certain rules that facilitate the transition process will become the basis of the December gas package.


It is reported that the European Commission intends to present the reform of the EU gas market in December. The issues of storage and security of gas supplies, along with other important topics, will become important elements of this reform. 


It is worth noting that not all EU countries currently have gas storage facilities. The European Commissioner also noted that «a more integrated European approach can optimize costs and protect against price fluctuations.» The EC intends to consider such problems as simplifying access to storage facilities and ensuring their optimal use.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.