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Will Europe ever enjoy cheap Russian pipeline gas again? [Gas in Transition]

Transcripts for BBCNEWS BBC News 20220326 02:15:00

this plan to try and supply 10% of europe s gas which previously would have been served by russia but also, the eu have their own plan, we are hearing. talk us through that. they are dealing with a supply problem but there is a surging price problem being exacerbated by ukraine so the answer from the european commission is to buy gas on behalf of all member states, to use their enormous purchasing power and this is how the president of the european commission, who said that 75% of global pipeline gas market is coming from the european markets, put it. we will now use our collective bargaining power. instead of outbidding each other and driving prices up, we will pool our demand. also pressure from spain and portugal, i should say, to cap the price of gas so that they can control electricity prices, which is still under discussion. this is bbc news. the latest headlines. russia signals a shift in its military strategy in the war, narrowing its focus to the east of the country.

Transcripts for BBCNEWS BBC News 20220326 01:17:00

the eu have their own plan, we are hearing. talk us through that. , ., ., ., that. they are dealing with a su -l that. they are dealing with a sopply problem that. they are dealing with a supply problem but - that. they are dealing with a supply problem but there . that. they are dealing with a supply problem but there is | that. they are dealing with a | supply problem but there is a surging price problem being exacerbated by ukraine so the answer from the european commission answerfrom the european commission is to buy answer from the european commission is to buy gas answerfrom the european commission is to buy gas on behalf of all member states to use their enormous purchasing power and this is how the president of the european commission, who said that 75% of global pipeline gas market is coming from the european markets, put it. we will now use our collective bargaining power. instead of outbidding each other and driving prices up, we will pool our demand. also pressure from sp

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