OIES Podcast – The EU’s Joint Gas Purchasing Platform
Description
In this latest OIES podcast, brought to you by the Gas Programme, James Henderson talks to Manuel Calvo Diaz, the Head of Energy and Environment at the Naturgy Foundation, and Alex Barnes, a Senior Visiting Research Fellow at OIES. They discuss a recent paper written by Alex and supported by the Naturgy Foundation entitled “EU joint purchasing of gas – an assessment” which was published on 20th September 2023. During the podcast they discuss the background to the EU Joint Purchasing Mechanism, the key elements of regulation that govern it, the process by which the EU has implemented the new rules and the outcomes of the first rounds of the new bidding process. They also discuss whether EU claims that the process has been a resounding success are valid or not and ask whether the mechanism could become permanent. They also consider whether similar mechanisms could be used for other commodities, especially critical minerals, and ask what the implications might be for the EU’s liberalised markets.
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