EU Set To Discuss Joint Gas Buying In Bid To Cut Russian Reliance

The leaders of the European Union member states are expected to discuss at their summit at the end of May the idea of jointly buying natural gas to avoid competing with each other for non-Russian supply as the EU seeks to cut its dependence on Moscow, Bloomberg reported on Thursday, citing sources with knowledge of the plans.

Since the Russian invasion of Ukraine at the end of February, the EU has been seeking to lower its dependence on Russian natural gas, which met around 40 percent of the bloc’s demand before the war. The European Commission…