facebook
twitter
search
search

EU gas diversity critical, council finds

Dec. 6, 2012 at 9:02 AM

BRUSSELS, Dec. 6 (UPI) -- Any energy relationship with Russia should be based on fair competition and transparency, a statement from the EU and U.S. governments said.

European Commissioner for Energy Gunther Oettinger met with U.S. Secretary of State Hillary Clinton in Brussels for the fourth U.S.-EU Energy Council.

The council, in a statement, described Europe's planned Southern Corridor of gas transit networks as a "pivotal opportunity" to diversify a European energy sector that depends in part on Russian natural gas.

A 2009 spat over gas contracts between Ukraine and Russia disrupted downstream supplies for European consumers. That row, in part, led to a race to build more pipelines to avoid sensitive territory in Ukraine.

The council took note of Ukrainian energy reforms while at the same time calling for a level-playing field in terms of Russian energy policies in the region.

"The Energy Council highlighted the importance of mutually beneficial energy relations with Russia based on transparency, a level-playing field, fair competition and continued cooperation to ensure the safe and secure supply of energy," the statement read.

The Southern Corridor would rely on Caspian and other non-Russian gas suppliers. Russian energy company Gazprom is the target of a European anti-trust probe for its operations mainly in Eastern Europe.

Related UPI Stories
Latest Headlines
Top Stories
Turkish oil pipeline from Iraq bombed
Microsoft offers Windows 10 upgrade for free
Chevron aims at cost reductions of $1 billion
Texas oil production up year-on-year
Greenpeace again stands in Shell's way to arctic