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EU countries weaken Russia’s gas stranglehold

EU countries plan to merge 28 energy markets into one, thus strengthening the energy strategy of the Union.

EU countries and the European Commission approved the strategy of establishing the Energy Community, which should enhance energy security of the EU. It was announced by Vice President of the European Commission Maros Shevchovich.

"Undoubtedly, this is the most promising energy project since the creation of the European Coal and Steel Community," Shevchovich said.

"It is a comprehensive approach to what the European Commission is going to do within 5 years of its term to modernize the EU energy system," he added.

The strategy provides definite steps to be implemented in the coming years. They will concern the building of energy connections, diversification of energy sources and transport routes, analysis of European and regional plans in case of an energy crisis, as well as changes to the rules relating to the energy supply agreements made by EU countries so that the Commission could control them before signing, and also increase of transparency of commercial contracts.

Shevchovich also announced the preparation of "EU strategy dealing with LNG gas terminals in order to facilitate and accelerate the delivery of raw materials in the EU."

"We will merge 28 energy markets," Shevchovich said.

Last spring the idea of an energy alliance was offered by former Prime Minister of Poland Donald Tusk.