EU updates rules to decarbonise gas markets and promote hydrogen
A provisional agreement has been reached by the European Parliament and Council to revise EU regulations in order to reduce carbon emissions in the gas markets and establish a hydrogen market.
Members of the European Parliament (MEPs) have ensured that member states have the option to limit the import of gas from Russia and Belarus, whether through pipelines or liquefied natural gas (LNG).
Furthermore, they have agreed on a collective purchasing system for gas, which will consolidate demand and prevent member states from competing against each other during gas bidding processes, especially when it comes to replenishing strategic reserves.
In addition, MEPs have successfully advocated for the establishment of a voluntary system to promote the development of the hydrogen market. This system will serve as a pilot project for a duration of five years.