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EU in touch with partners to boost gas supplies, energy commissioner says

CommoditiesJan 22, 2022 17:25
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© Reuters. FILE PHOTO: European Commissioner for Energy Kadri Simson delivers a speech on the State of the Energy Union, at the European Parliament in Strasbourg, France, November 24, 2021. Julien Warnand/Pool via REUTERS

(Reuters) - The European Union is talking with partners about the potential for increasing gas supplies to the bloc, Energy Commissioner Kadri Simson said after a meeting with European energy ministers in France on Saturday.

A gas supply crunch in Europe, widely blamed on a dearth of gas flows from Russia, has caused energy prices to soar. Moscow denies manipulating supplies.

Simson said she would attend conferences in Azerbaijan and Washington in February to discuss ways for increasing gas deliveries to Europe.

"The gas storage levels in the EU are significantly lower than usual at this time of the year," she told reporters.

Ministers meeting in the city of Amiens had discussed uncertainty in the market caused by the Ukraine crisis and significant falls in flows from Russia in recent months, Simson said.

"My message is that Europe has a robust, well diversified and resilient gas infrastructure and clear procedures of solidarity in case of emergencies," Simson said.

"But we need to remain extremely vigilant, improve our risk-preparedness and reinforce solidarity between the member states."

Chancellor Olaf Scholz signaled this week that Germany may be ready to discuss halting the Nord Stream 2 pipeline - which is to transport Russian gas to Germany bypassing Ukraine - should Russia attack Ukraine.

Simson highlighted a Commission proposal presented in December, designed to revise gas supply regulations to improve coordination among member states over gas storage.

"The objective is to enable a more efficient use of storage capacities and to ensure adequate gas storage levels," Simson said. "But ...the only lasting solution to our dependence on fossil fuels...is to complete the green transition."

EU in touch with partners to boost gas supplies, energy commissioner says
 

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Comments (2)
kendrick antony
kendrick antony Jan 23, 2022 9:11
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she say good things is great
RAY NORTHING
RAY NORTHING Jan 22, 2022 19:44
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Bring in more gas from Algeria. They have lots of spare capacity and can build more if necessary. They want the money and have the gas. Where's the problem?
 
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