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

Turkey - where next?

In January 2009, the EBRD commissioned two Italian consultants to study Turkey's sustainable energy market in preparation for future investments. more »

Delegation of More than 50 Chinese Business Representatives Arriving to Vilnius

Next week a delegation of more than 50 Chinese businessmen, accompanying the Chinese Vice-Premier Hui Liangyu, are arriving to Lithuania. more »

New Shopping and Entertainment Centre Opened in the Capital City

The German developer “ECE” together with Lithuanian partners opened a new shopping and entertainment centre Ozas Gallery in Vilnius. more »

Thailand Hones Response to Crisis through Dialogue with World Bank

As it embarked on an ambitious stimulus spending, Thailand turned to the World Bank for advice on how to fast track the spending coupled with proper management controls to keep programs on the rails. more »

Parex banka signs subordinated debt agreement with the EBRD

Peter Reiniger Business Group Director for Central Europe and the Western Balkans from the European Bank for Reconstruction and Development visited Latvia to sign subordinated loan agreement with Parex banka. more »

AB DnB NORD Bankas starts placement of USD denominated Government bonds

On Monday AB DnB NORD Bankas started placement of a 13-month fixed-rate Lithuanian government bonds. It is the first time when Lithuanian sovereign USD denominated securities will be available on Lithuania’s retail market. more »

Swedish Press: Worst Times Has Already Passed for Lithuania

The Swedish business daily Dagens Industry published an interview with Andrius Kubilius, the Prime Minister of Lithuania, to Bloomberg News. more »

Swedish Trade Minister sees the bright side of the economic crisis

The economic crisis still has a firm grip on large parts of the world. But Sweden’s Minister for Trade Ewa Björling can see bright spots. more »

EBRD and KfW Entwicklungsbank acquire stake in MegaBank

The European Bank for Reconstruction and Development and KfW Entwicklungsbank (The German development bank) are providing a financing programme worth up to €28.9 million to MegaBank - one of the strongest regional banks in the eastern Ukraine. more »

Swiss to reveal UBS accounts

A settlement in an international tax dispute that strained U.S. ties with Switzerland. more »