EU plans to boost gas reserves

30 Apr 2014

The European Union wants to reduce its dependence on natural gas supplies from Russia, in particular through a significant increase in its own reserves of natural gas, – according to

EU Energy Commissioner Guenther Oettinger told this to the German newspaper Hannoversche Allgemeine Zeitung in an interview.

"In June, the Commission will present a plan that provides for a significant increase in gas reserves," he said. Moreover, in his view, the EU should move closer to the principles of an energy alliance, built on "mechanisms of solidarity". According to Oettinger, gas exchange between the EU Member States should be facilitated from a technical point of view to better confront the problem of lack of supply in the future. The Commissioner noted that the EU also plans to increase imports of liquefied natural gas, in particular from the United States. In Germany, Oettinger sees prospects for building the country's first LNG-terminal in the port of Wilhelmshaven in Lower Saxony.

According to Oettinger, Brussels "is doing everything possible to prevent the transformation of the crisis in Ukraine into the gas crisis between Russia and the EU."

As reported, on Friday Warsaw will hold trilateral talks between the EU, Ukraine and Russia on Ukraine's Russian gas settlements and gas supplies to Europe.