Macron: France supports common gas purchase at EU level

French President Emmanuel Macron announced EU member states could satisfy gas storage targets, having 92-93% of the storage capacity already filled.

Macron’s statements came after his phone talks with German Chancellor Olaf Scholz. Markets paid little attention to these comments and EUR/USD was last losing 0.3% on the day at 0.9920.


Additional takeaways

“Germany needs our gas and we need power from the rest of Europe, notably Germany.”,

“On energy prices, measures are at first-hand national but there must also be measures at a European level.”

“France is in favour of common gas buying at a European level.”

“We need to act against speculation on energy prices at an EU level.”