Financial Mirror (Cyprus)

Sefcovic: “We should explore common purchasing of gas”

-

As the world’s biggest energy consumer, the European Union should explore ways to buy gas as a group, the Commission’s new Energy Union boss told a conference in Brussels on Monday.

The idea was put forward earlier this year by Poland’s then-prime minister and incoming European Council President Donald Tusk, as one option for standing up to Russia and its state gas company Gazprom, the policy and news site EurActiv.com said.

Many in Brussels said the single buyer plan raised anti-trust issues and was inoperable, even though Tusk’s broader support for a strengthen­ed energy union has gained ground as relations with Russia, the bloc’s biggest energy supplier, have deteriorat­ed.

Maros Sefcovic, who took office as vicepresid­ent for Energy Union at the start of this month, said Europe could adopt a step-bystep approach.

“We are the biggest energy consumer in the world. We pay our bills on time,” he told the Brussels conference. “We should do our best to explore common purchasing of gas.”

Europe could begin with “a gradual stepby-step approach,” he said.

The EU pays around 400 bln euros per year for imported fossil fuels and the European Commission has set as priorities cutting energy use and diversifyi­ng supplies, as well as a closer energy union, based on improved infrastruc­ture to share energy across borders, the EurActiv.com report added.

Among the ways to make progress, Sefcovic cited the bloc’s energy efficiency goals and a review meant to strengthen an energy savings target set in October as part of the EU’s 2030 climate and energy policy aims.

Sefcovic will also insist on implementi­ng the so-called Third Energy Package, he said. Russian President Vladimir Putin has repeatedly attacked the law that forces energy firms to separate out the ownership of distributi­on links if they use them to carry their own gas or power.

Crucially, it makes Moscow’s South Stream pipeline illegal, since Gazprom would control the assets as well as the gas it transports.

Moscow is pursuing South Stream to bypass transit nation Ukraine, with which it is locked in conflict following Russia’s annexation of Crimea earlier this year.

Kiev and Moscow are also at odds over Ukraine’s gas debts to Gazprom. The row has been partly dealt with by EU mediation that has resulted in a temporary solution, which Sefcovic said was holding.

 ??  ??

Newspapers in English

Newspapers from Cyprus