Arab Today, arab today eu \needs energy union to safeguard industry\
Last Updated : GMT 11:26:07
Arab Today, arab today
Arab Today, arab today

EU \'needs energy union to safeguard industry\'

Arab Today, arab today

Arab Today, arab today EU \'needs energy union to safeguard industry\'

Warsaw - AFP

Europe needs an energy union to safeguard its independence and competitiveness, a top EU official said on Friday as the threat of a Russian gas cut hung over some member states. "We need a European Energy Union to regain our energy independence and security, as well as our industrial competitiveness," Michel Barnier, European Commissioner for Internal Market and Services and Industry told delegates to a banking symposium in Warsaw. He echoed Polish Prime Minister Donald Tusk who in April urged the 28-member EU to come up with a blanket energy strategy to mitigate the threat of Russia cutting gas supplies via Ukraine. Moscow has threatened to cut off supplies to Ukraine from June 3 after switching to up-front payments because Kiev has amassed a gas debt of $3.5 billion (2.6 billion euros). Nearly 15 percent of all gas consumed in the EU is delivered from Russia via Ukraine and Brussels fears that a cutoff could lead to disruptions in supplies to the EU. Central European leaders vowed this week to forge a gas solidarity mechanism aimed at counteracting supply cuts from Russia.

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Arab Today, arab today eu \needs energy union to safeguard industry\ Arab Today, arab today eu \needs energy union to safeguard industry\

 



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