African gas

As the EU works to rebalance its gas supply away from Russia, African countries are expected to gain a larger share of the bloc’s liquefied natural gas (LNG) market in the coming years. Last month, the EU announced that it would launch the first tenders for joint gas purchases in April, with contracts expected to be signed by June. This novel approach seeks to leverage the bloc’s purchasing power to secure supplies at lower prices ahead of the summer, when EU countries are expected to refill their underground gas storage. Common purchases of gas are available to all EU member-states,…