EU Seeks Power to Block Bilateral Energy Deals
Source: New York Times, James Kanter††(9/7/11)
"In light of Russia's new gas pipeline, the EU aims to curb oil and gas exporters' power."
The European Union's executive arm announced plans Wednesday aimed at stopping countries in the bloc from striking bilateral deals that cede too much power to oil and gas exporters like Russia.
Europe needs to look "beyond its borders to ensure the security of energy supplies" and "act together and speak with one voice," the E.U. energy commissioner, GŁnther Oettinger said at a news conference. . .View full article