EU Wants One Price For Russian Gas

Business » ENERGY | May 2, 2014, Friday // 14:24| Views: 1564 | Comments: 1
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Bulgaria: EU Wants One Price For Russian Gas

The EU wants a uniform price for Russian natural gas for all its member states, said Energy Commissioner Gunther Oettinger on Friday. 

Oettinger had a meeting with Polish Prime Minister Donald Tusk who lobbies for the idea of an EU energy union. 

"We want a uniform gas price in the European common market," Oettinger said at the joint news conference with Tusk, quoted by news wires. 

Oettinger also said that Europe should have pan-European grids for natural gas and electricity, including more power links between countries, more liquefied natural gas terminals and more diversification with partners such as Norway.

Currently the EU member states buy gas from Russia based on bilateral agreements and pay different prices. 

A common bulk purchase would give the EU more leverage in the negotiations with Russia.

“The prices vary a lot,” Oettinger said. “The larger the share of Russian gas, the larger the Russian monopoly on orders and the higher the prices.”

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#1
George P - 3 May 2014 // 14:05:28

"One price for Russian gas" sounds like a monster from a communist horror movie - what happened to the capitalist pet peeve "market demand and supply" dictates the price???? I guess more EU garbage talk out of their two-faced arse....