Energy Headlines

August 13, 2016

EU to boost oversight of Russian gas contracts, Sefcovic says

The European Commission will present next year a proposal to increase the oversight of natural gas contracts with Russia and other external suppliers, its energy union chief Maros Sefcovic said.

A draft law to ensure gas agreements between governments are in line with European Union rules will follow the endorsement in March for the measure from the bloc’s 28 nations, according to Sefcovic.

“We will see what will be the most efficient way to do that,” he said in an interview on May 7 in Brussels. “We can propose the European Commission representatives in the negotiating teams, we can propose close consultations when such negotiations are taking place or we can even consider that we would have some kind of standard clauses to make sure that the agreements are in compatibility with EU rules.”

The crisis in Ukraine highlighted the need for Europe to tighten energy links among member states and cut its dependence on Russia, which supplies 27 percent of the bloc’s natural gas. To ensure that intergovernmental agreements with Russia don’t breach EU law, the regulator should vet their content during negotiations and not just before deals are adopted, according to Sefcovic.


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