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Galp’s main gas supplier was clear when it announced “substantial reductions” in production and supply. However, the Government rejected any reduction in deliveries and still considered the information “alarmist and inadequate”. now from Luxembourgthe environment minister, Duarte Cordeiro, warns that “the price of gas has fallen” and suggests a solution to the oil company: “it must go to the market to buy the gas”.

“We are at a stage in which the price of gas has dropped”, begins by explaining Duarte Cordeiro. “If Galp has delivery failures, it should go to the market to buy gas”suggests.

Many countries already have gas storage filled and there is a increase in supply in the face of demand. It clarifies, however, the gas bill for Galp’s customers is not expected to increase because of delivery failures from Nigeria.

“I doubt the impact [nas faturas] very significant, that the price of gas is much lower than it has been and has been very low in recent weeks”.

The Environment Minister emphasizes that the Galp company has legal responsibility for the supply of gas in the regulated market.

“The Galp company will have to buy to satisfy customers and, naturally, what are its legal responsibilities with the regulated tariff and buy in the gas market”, he said this Tuesday.

IBERIAN MECHANISM

After a meeting with the counterparts of the 27 Member States in which the energy crisis was the main topic of debate, the environment minister still highlighted a “solidarity mechanism” and reinforced the benefits of the Iberian mechanism.

The “solidarity mechanism” applies when Member States have some sort of urgent need.

Duarte Cordeiro stressed the advantages of the agreement between Portugal and Spain, especially when we compare the market price it would be if we didn’t have the mechanism.

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Deborah Acker

I write epic fantasy; self-published via KDP. Devoted dog mom to my 10 yr old GSD, Shadow! DM not a priority; slow response at best #amwriting #author.

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