Gearing up for gas emergencies

Published: 17 July 2009 y., Friday

Dujotiekis
In most parts of the EU, a continuous power supply to our homes is taken for granted. So there was general alarm when lights went out and radiators went cold in several central and eastern European countries in January 2009. The shortage was caused by a disruption of Russian gas deliveries to the EU via Ukraine, following a contractual dispute between Russia and Ukraine over debts and prices.

One quarter of all energy used in the EU – including 20% of electricity – is generated from gas, 60% of which is imported. Some countries, such as Bulgaria, import all their gas, making them particularly vulnerable to interruptions in supplies.

The European commission is seeking to bolster the EU’s capacity to deal with gas shortages. A new proposal calls for more transparent investment in energy infrastructure, so the EU can see whether planned projects will be able to cope with future demand.

In addition, each country would have to designate an authority responsible for monitoring gas-supply developments, assessing risks and organising preventive action and emergency plans. When necessary, the agency would call for extra gas to be stockpiled, to reduce the risk of blackouts.

The proposal calls on all EU countries to work together if there is a serious disruption of supplies from outside the EU. Pipelines could be operated in reverse-flow to re-route gas to where it is most needed, and more connections between national energy grids would prevent individual countries from being isolated. The necessary investments will be made in the context of the European economic recovery plan.

The EU is also diversifying its gas suppliers. The EU recently signed an agreement on the construction of the Nabucco pipeline, which will supply the union with gas from central Asia via Turkey.

 

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

AB Bank SNORAS increases the capital amounting to LTL 72.5 million

On 31 August 2009 in a non-public way AB Bank SNORAS issued the emission of perpetual debt securities included into the bank capital amounting to LTL 72.5 million. more »

EU invests €6.8m for academic cooperation with industrialised countries in North America

The European Commission, through its longstanding cooperation with the US and Canada, announces the launch of 33 new and innovative projects involving universities and training institutions on both sides of the Atlantic. more »

The European Commission and the cosmetic industry match research funds to develop alternative solutions to animal testing

Today at the VII World Congress on Alternatives and Animal Use in the Life Sciences in Rome, the European Commission and the European cosmetic industry presented their joint financial effort for research into alternative safety testing methods. more »

SEB Bank invests LTL 4.6 million in to faster data transmission technologies

SEB Bank, the largest bank in Lithuania, invests almost LTL 4.6 million in to the upgrade of its data transmission network. more »

World Bank Supports Further Improvement of Rural Road Network in Armenia (39280)

The World Bank’s Board of Executive Directors today approved a credit of US$ 36.6 million equivalent of additional financing for the Lifeline Road Improvement Project for Armenia. more »

IMF Completes First Review Under Stand-By Arrangement with Latvia and Approves €195.2 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the first review of Latvia's performance under an economic program supported by a 27-month Stand-By Arrangement. more »

Commission approves the restructuring of Austrian Airlines

The Commission has today decided to close the formal investigation procedure into the privatisation and restructuring of Austrian Airlines concluding that the restructuring following its sale to Lufthansa is compatible with community law. more »

Wall Street applauds Bernanke

Ben Bernanke's reappointment as head of the Federal Reserve did not come as a surprise, but Wall Street still responded with the proverbial thumbs up. more »

Statistics on hotels in Lithania

Over I half-year 2009 accommodation establishments had by 22 per cent less guests. more »

Carbon fund set up by EBRD and EIB in 1st Russian venture

In the first such transaction in Russia, carbon credits generated by utilising gas which would otherwise be flared at an oilfield in eastern Siberia are to be purchased through a carbon fund set up by the EBRD and the European Investment Bank (EIB), the Multilateral Carbon Credit Fund (MCCF). more »