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    Reuters: EU sets energy security as priority for next 5 years of policy-making

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Summary

Europe's best chance of standing up to the supply insecurity caused by the Russia-Ukraine conflict is a close-knit energy union

by: Sruthi

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Press Notes

Reuters: EU sets energy security as priority for next 5 years of policy-making

Europe's best chance of standing up to the supply insecurity caused by the Russia-Ukraine conflict is a close-knit energy union to thwart Moscow's divide and rule strategy, a draft document laying out the next five years of EU energy policy says.

A week ago, Russia cut off gas to Ukraine because of a row over pricing and unpaid bills.

Gas storage is ample and no nation has reported problems, but as the European Union relies on Russia for about 30 percent of its gas needs, roughly half of which is piped via Ukraine, it is nervous of knock-on effects if the crisis drags on.

"Geopolitical events, the worldwide energy competition and the impact of climate change are triggering a rethink of our energy and climate strategy," a draft document on the "strategic agenda" for the next five years.
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