Monday

27th Feb 2017

EU draws up Adriatic gas plan after Russia-Ukraine fiasco

The EU might build a new gas pipeline on the Adriatic Sea coast in order to ease reliance on Russia following the Russia-Ukraine gas dispute.

Hungarian economics minister Janos Koka told news wires about the plan following a meeting of EU energy experts in Brussels on Wednesday (4 December).

Dear EUobserver reader

Subscribe now for unrestricted access to EUobserver.

Sign up for 30 days' free trial, no obligation. Full subscription only 15 € / month or 150 € / year.

  1. Unlimited access on desktop and mobile
  2. All premium articles, analysis, commentary and investigations
  3. EUobserver archives

EUobserver is the only independent news media covering EU affairs in Brussels and all 28 member states.

♡ We value your support.

If you already have an account click here to login.

Under the scheme, tankers would deliver liquid gas from the Middle East and North Africa to an Adriatic region entry point into Europe.

A feasibility study is due by March.

The EU experts' meeting was orginally tabled for May, but was brought forward after Russia turned off gas supplies to transit state Ukraine on Sunday causing sharp drops in deliveries to the EU.

Moscow and Kiev struck a price deal in the small hours of Wednesday morning, but some EU politicians are sceptical if the accord will hold.

The EU currently relies on Russia for around 25 percent of its gas consumption.

"We have to draw consequences from what happened, not just on gas but also regarding oil and electricity", Austrian ecnomics minister Martin Bartenstein said according to PAP and IHT.

"Dependency on Russia should be reduced", he added.

The EU energy group also asked the European Commission to produce a green paper on energy policy coordination in time for the Austrian presidency's first summit in March.

The paper is likely to focus on uniform counting methods for member states' gas reserves, concerted action on new supply routes, such as the Turkish 'Nabucco' pipeline, nuclear and renewable energy and energy conservation.

Polish daily Rzeczpospolita reports that all member states agreed on Wednesday to tackle energy at EU level, including previous opponents of the idea such as the UK.

"Europe needs a clear and more collective policy on the security of our energy supply," EU energy commisssioner Andris Piebalgs indicated.

The Austrian presidency stressed that Russia has been a "reliable" EU energy partner for over 40 years.

But signs of concern also came from Berlin, with a German government spokesman telling media that energy will be a big topic when chancellor Angela Merkel visits Moscow on 16 January.

Greece and creditors break bailout deadlock

Athens agreed on budget cuts worth up to €3.6 billion and extracted some concessions from creditors, but the IMF warned the package might not be enough.

EU ready to challenge US border tax

The EU is willing to fight any attempt by the Trump administration to impose border tax on imports, says trade commissioner Jyrki Katainen.

News in Brief

  1. Spanish court jails former IMF chief Rato
  2. Macron proposes Nordic-style economic model for France
  3. Germany posts record high budget surplus
  4. Labour ousts Ukip in Brexit homeland
  5. Dutch lower house approves EU-Ukraine treaty
  6. WTO says Russian pork ban was illegal
  7. Belgian nuclear plant made 'significant progress' on safety
  8. Report: Commission gauging EU support for Poland sanctions

Stakeholders' Highlights

  1. EURORDISJoin Rare Disease Day and Help Advocate for More Research on Rare Diseases
  2. European Healthy Lifestyle AllianceStudents Who Are Considered Fit Get Better Grades in School
  3. QS World MBA TourMeet with Leading International Business Schools in Paris on March 4th
  4. Malta EU 2017Economic Governance: Agreement Reached on Structural Reform Support Programme for Member States
  5. Socialists & DemocratsWomen Have to Work Ten Years Longer to Match Lifetime Earnings of Men
  6. Counter BalanceTrans-Adriatic Pipeline Is a Major Risk for Banks, Warns New Analysis
  7. Martens CentreEU and US Migration Policies Compared: Join the Debate on February 28th
  8. Swedish EnterprisesTechnology and Data Flows - Shaping the Society of Tomorrow
  9. UNICEFNearly 1.4 Million Children at Risk of Death as Famine Looms Across Africa and Yemen
  10. Malta EU 2017End of Roaming Fees: Council Reaches Agreement on Wholesale Caps
  11. Nordic Council of MinistersNordic Innovation House Opens in New York to Help Startups Access US Market
  12. Centre Maurits CoppietersMinorities and Migrations