Energy in an emergency

Published: 14 November 2008 y., Friday

Energetika
Energy prices in the EU have risen by an average of 15% in the last year and Europeans wonder whether speculators are driving up oil prices. More than 50% of the EU's energy comes from countries outside the union – and the percentage is growing.

Much of that energy comes from Russia, whose disputes with transit countries have disrupted gas supplies in recent years.

All of this highlights the need for the EU to monitor its oil and gas supplies more closely and be better prepared in the event of an energy emergency. A new energy package will help the EU meet its climate change targets and reduce gas and oil imports.

For decades, EU countries have maintained emergency oil stocks. The commission now wants to make those stocks more readily available and clarify when and how they can be used. It also wants the public to have more information on commercial oil inventories.

After oil, gas is the most important fuel in the EU’s energy mix. Although 60% comes from outside the union, the EU still does not have an emergency plan in case supplies are disrupted. As part of its energy strategy, the commission is launching consultations with EU countries about establishing such a plan.

Another high priority is setting up a southern gas corridor of pipeline networks to bring gas from the Caspian Sea region via Turkey. Construction looks set to begin in 2010.

The EU is also keen to strengthen its energy networks – the power lines and pipelines that bring electricity, gas and oil to homes and businesses – and equip them to handle renewable sources of energy like wind. The possibility of creating an offshore wind park in the North Sea is being studied.

The strategy calls for continued efforts to boost energy efficiency – such as renovating residential and commercial buildings. Another proposal calls for energy labels for tyres starting in 2012.

Nuclear energy is also addressed – including safety and waste management. Currently, nuclear plants generate about one-third of Europe’s electricity and more than a dozen EU countries are looking to build new ones.

 

Šaltinis: ec.europa.eu
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Joint Statement on Greece by EU Commissioner Olli Rehn and IMF Managing Director Dominique Strauss-Kahn

Mr. Olli Rehn, European Union Commissioner, and Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following joint statement on Greece. more »

World Bank Supports Urban Development in Bhutan

The World Bank today approved a $12 million IDA credit to Bhutan, designed to improve infrastructure services in parts of the capital city of Thimphu where no formal services are currently available. more »

Reform of the Common Fisheries Policy high on the agenda at events in Spain

Fisheries ministers and stakeholders alike will be discussing the future shape of the EU's Common Fisheries Policy at two major events in Spain over the next days. On 2 and 3 May, in La Coruña, the Commission and the Spanish Presidency are organising a large stakeholder conference on the reform of the Common Fisheries Policy. more »

IMF’s Regional Outlook Shows Asia Leading Global Recovery

Asia is leading the global recovery and the region’s contribution to global growth will continue to exceed that of other regions in the next two years, the International Monetary Fund (IMF) said today in its latest Regional Economic Outlook (REO) for Asia and the Pacific. more »

EBRD supports development of green energy in Poland

The EBRD is supporting the modernization of the electricity distribution network and the development of renewable energy sources in Poland with a PLN 800 million loan (equivalent to approximately €205 million) to the Energa energy group in order to help the company strengthen its power grid. more »

Baltic Development Forum 2010

At the beginning of the summer this year, Vilnius will become the capital of the Baltic Sea region. On 1-2 June 2010, the city will host the Baltic Sea States Summit and the Baltic Development Forum (BDF) Summit. more »

Visit Lithuania by a Hot Air Balloon at the World EXPO 2010 in Shanghai

Visitors of the World Expo 2010, which will open in the Chinese city of Shanghai on May 1st under the slogan “Better City, Better Life” and will last for 184 days until the end of October, are kindly invited to get into a hot air balloon at the Lithuanian Pavilion. more »

SEB Bank Group Lithuania Result

According to preliminary data, unaudited net loss sustained over the first quarter of the year 2010 by SEB Bank is LTL 59,4 million (EUR 17,2 million) and that by SEB Bank Group is LTL 80,3 million (EUR 23,3 million). more »

Globalisation fund unemployment aid - a good tool, but far too slow

European Globalisation Adjustment fund (EGF) aid must be delivered faster and more simply to unemployed workers hit by the financial crisis or globalisation, concluded the Budgets and Employment committees after evaluating the fund on Wednesday. more »