The European Union is moving forward with its plan to seek pooled natural gas purchases under a programme called AggregateEU and set to be launched in June with the aim of reducing prices and increasing efficiency in fully replacing Russian pipeline gas supplies to Germany and the EU.

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The European Union and Japan said after meetings in Brussels that they were committed to work closely to address the current challenges in energy markets worldwide, including LNG and pipeline natural gas supplies.

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While imports of liquefied natural gas to the European Union and the UK are increasing in January, none of the natural gas is ending up in Germany because there is no LNG infrastructure even amid various plans spanning almost 10 years.

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German Chancellor Angela Merkel pledged during a visit to Poland to speed up the development of liquefied natural gas infrastructure in Germany as it remains the only prominent European Union member without an LNG regasification terminal.

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