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EU energy experts discuss future supply strategies

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EU energy experts discuss future supply strategies

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Officials from the 25 member states of the European Union have met in Brussels to discuss how to deal with potential future threats to energy supplies.

EU Energy Commissioner Andris Piebalgs said the deal between Russia and Ukraine came as a great relief. He told reporters: “We are consumers, we are paying for the gas. In this sense, our appeals for security of supply, for honouring the contract is actually extremely important.” Gazprom supplies a quarter of Europe’s gas needs and around 80 percent of these deliveries reach the markets via Ukraine. When Russia cut supplies to its neighbour, France, Germany, Poland, Italy and Slovakia all reported drops in supply. Central and western European countries still produce about 60% of the gas they need, the main providers being Britain, the Netherlands and Norway. However, they are keen to improve their reserve capacity.