• Most Popular
  • Most Shared

EU exec urges bloc members to boost gas storage

Thu Jul 2, 2009 7:50am EDT

BRUSSELS, July 2 (Reuters) - European Union countries should fill their gas storage facilities and seek further regional arrangements to ward off possible supply disruptions, the European Commission said on Thursday.

Russia

The EU executive, after a meeting with gas experts, said a number of countries in the 27-member bloc were "overwhelmingly dependent on one single gas supplier and one single supply route".

January's gas crisis, when a payment dispute led to Russia cutting off supplies into Ukraine including those destined for Europe, highlighted the vulnerability of the EU to supply disruptions, the Commission said in a statement.

"The Commission in particular recommended the member states to be better prepared for the coming winter period and to fill their gas storages from all possible available sources," it said.

The experts "stressed the potential of regional cooperation to mitigate the risks identified", the statement said, citing an "uncertain gas storage situation in Ukraine".

The meeting was held after international lenders and the EU reported good progress in talks with Ukraine and Russia on Monday over possible loans to help Kiev pay for Russian gas and avert a new supply crisis. (Reporting by Dale Hudson; Editing by David Brunnstrom)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article