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EU: Commission to ‘reframe’ Russian energy ties

By  |  February 22, 2015

The European Union will consider “reframing” energy relations based on market conditions with Russia when the time is right and for now is focusing on building a strategic gas partnership with Ukraine, a draft document shows.

The European Commission, the EU executive, is seeking to create a single energy market, based on cross-border connections to improve security of supply and reduce dependence on Russia, which supplies roughly one third of EU energy.

Next week, the Commission is expected to publish formally its strategy on an energy union.

“When the conditions are right, the EU will consider reframing the energy relationship with Russia based on a level playing field in terms of market opening, fair competition, environmental protection and safety, for the mutual benefit of both sides,” a draft of the Energy Union Package reported by Reuters says.

 

Full Content: Reuters

 

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