Parliamentary question - O-000007/2022Parliamentary question
O-000007/2022

Rising energy prices and manipulation on the gas market

Question for oral answer  O-000007/2022
to the Commission
Rule 136
Cristian-Silviu Buşoi
on behalf of the Committee on Industry, Research and Energy

Procedure : 2022/2552(RSP)
Document stages in plenary
Document selected :  
O-000007/2022
Texts tabled :
O-000007/2022 (B9-0007/2022)
Votes :
Texts adopted :

Fossil gas prices peaked in December 2021, when they were four-and-a-half times higher than they were in January 2021. This substantial increase was driven by global supply and demand dynamics and exacerbated by factors linked to the pandemic and geopolitical tensions, combined with lower than expected imports of fossil gas to Europe, notably from Russia. This has led to fossil gas storage reaching lower than average levels and high energy prices, resulting in increasing rates of inflation across the EU.

As the economy begins to recover from the pandemic, the EU and its Member States must find structural solutions to protect and support their households, industries and enterprises, especially SMEs and microenterprises. To this end, steps must be taken to address concerns surrounding the EU’s considerable exposure to international gas markets and vulnerability to some individual suppliers as well as attempts to manipulate the market and engage in false speculation.

Submitted: 3.3.2022

Lapses: 4.6.2022

Last updated: 4 March 2022
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