Last week, the Commission presented the proposal for a Council Regulation aimed at “enhancing solidarity” among Member States through coordinated purchases of gas, solidarity mechanisms and a complementary benchmark on LNG believed to be more representative.
Energy Ministers held last week in their meeting a policy debate regarding the Hydrogen and Gas Market Package. During their discussions, aimed at providing political guidance on the most controversial topics, Ministers supported a flexible timeframe for the implementation of hydrogen markets, which could slow down not only the creation of a legal framework capable of handling a complex market, but also hydrogen deployment and investment, putting at risk the EU’s leadership position.
Week ahead, ELS Analysis keeps its eyes on the CBAM Meeting, intended to conclude the legislation process, and the Parliament Plenary Session, expected to include a vote on the REPowerEU file.
