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EU proposes new gas interventions – News on EMIR clearing threshold

There has been a great deal of activity in the area of market interventions (see here) . The European Commission DG Energy has proposed this regulation which amongst other things:

  • Looks at having a “central buyer”
  • Creates constraints TTF
  • Proposes a new benchmark which better incorporates LNG prices

Several initiatives have already been initiated following this (for example see here) and more will be published on this topic in the following days.

The European Commission DG FISMA has issued this document, which is not yet in force. It proposes to raises the EU EMIR clearing threshold for commodities to 4bn EUR as recommended by ESMA (see here) and discussed recently in an exchange of letters (see here). The other recommendations relating to the clearing threshold have not yet been addressed.

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