Arab Today, arab today cheaper oil golden opportunity to forge eu energy union
Last Updated : GMT 01:03:45
Arab Today, arab today
Arab Today, arab today

Cheaper oil 'golden opportunity' to forge EU energy union

Arab Today, arab today

Arab Today, arab today Cheaper oil 'golden opportunity' to forge EU energy union

Cheaper global oil prices are a good opportunity for advance an EU energy union
Riga - AFP

Cheaper global oil prices present a "golden opportunity" for the European Union to advance its plans for a continent-wide energy union, a senior European Commission official said Friday.
"We should use this breathing space with low oil and gas prices as a golden opportunity to reset our energy policies," European Commission vice president Maros Sefcovic said Friday in Latvia's capital Riga.
The Commission has drawn up what it calls five "pillars" of energy policy for the 28-member bloc. They include reducing carbon emissions, investing in technology, improving energy efficiency, developing a single European energy market and diversifying supply.
Sefcovic said the European Commission will present its proposals for wider scrutiny by the end of February.
A key element of the plan is to reduce the bloc's dependence on Russian supplies of oil and gas amid mounting East-West tensions over the Ukraine crisis.
The European Union is Russian gas giant Gazprom's main client outside Russia and a major portion of Russian gas flows through war-torn Ukraine.
With the EU paying more than one billion euros ($1.1 billion) per day for its energy supplies the EU needs to do more to wean itself off Russian supplies, Sefcovic said.
The EU and the United States have imposed a raft of sanctions against Russia over its 2014 annexation of Ukraine's Crimean peninsula and subsequent meddling in eastern Ukraine.
But their impact on Russian energy exports has been negligible due to the EU's heavy reliance on them.
Sefcovic was echoed by EU Climate Action and Energy Commissioner Miguel Arias Canete.
"We must be serious about reducing our reliance on Russia, Gazprom being the only supplier holding a dominant position in the European Union markets," he said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cheaper oil golden opportunity to forge eu energy union Arab Today, arab today cheaper oil golden opportunity to forge eu energy union

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cheaper oil golden opportunity to forge eu energy union Arab Today, arab today cheaper oil golden opportunity to forge eu energy union

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday