On 28 March 2023, the EU Member States announced their position on the future of the gas and hydrogen market. The announcement was made as part of the Gas Package, which aims to establish a framework for the gas and hydrogen market in the European Union.
The Gas Package is a comprehensive policy package that aims to create a level playing field for gas and hydrogen providers, promote the use of hydrogen as a clean energy source, and ensure the security of gas supply in the European Union. The Member States' position on the Gas Package reflects their commitment to achieving these goals.
One of the key features of the Gas Package is the creation of a hydrogen market. Member States have agreed that hydrogen will play a crucial role in the transition to a low-carbon economy, and that it is necessary to establish a market that can support the production and distribution of hydrogen. EU members have also agreed to promote the use of renewable hydrogen, which is produced using renewable energy sources such as wind and solar power.
Another important aspect of the Gas Package is the establishment of a framework for the gas market. Member States have agreed to ensure that gas providers operate on a level playing field, and that consumers are protected from monopolies and unfair pricing practices. The framework will also include measures to ensure the security of gas supply, such as the diversification of gas sources and the development of infrastructure for liquefied natural gas (LNG).
The Member States' position on the Gas Package reflects the European Union's commitment to achieving a clean and secure energy future. The Gas Package will help to reduce greenhouse gas emissions, promote the use of clean energy sources, and ensure that the EU has a reliable and secure energy supply.