Source: EU countries to discuss each gas import deal - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Source: EU countries to discuss each gas import deal

BRUSSELS, Mar 20 (PRIME) -- An E.U. summit on Friday will decide to scrutinize gas import deals signed with each European country for their conformity with the E.U. legislation, a source close to E.U. authorities told PRIME late Thursday.

“At their meeting, their discussion focused on energy security and transparency of gas contracts. All gas contracts must be in line with E.U. law, more transparent and should not affect negatively Europe's energy security,” E.U. authorities’ said in a summit agenda.

The summit started on Thursday, and E.U. leaders discussed the establishment of strategic partnership with countries transiting gas and protecting their sovereignty, according to the agenda.

All leaders of the E.U. agreed to establish an energy union, European Council President Donald Tusk said in a video speech after the first day of the meeting.

“The European Union is becoming more and more dependent on external supplies. When gas is delivered from different sources and contracts are flexible, it is good,” Tusk said.

“But the bulk of bilateral contracts are with our dominant partner, Russia, and they were signed on a long-term basis, some of them for over 20 years. This may be unhealthy both for our security and out market.”

End

20.03.2015 08:32
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 98.5842 -0.1934 21 may
USD 90.6537 -0.3336 21 may
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3468.09 -0.97 18:51 20 may
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 151.80 -2.17 18:49 20 may
lkoh 7800.00 -0.69 18:48 20 may
rosn 591.95 0.00 23:50 20 may
sber 320.94 -0.69 18:49 20 may
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 98.3225 -0.2000 14:59 20 may
USDTD 90.8475 -0.1225 17:44 20 may