EU vows to end energy isolation
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EU vows to end energy isolation
14:16, November 06, 2010
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Increases the bookmark twitter facebook digg Google Windowslive Delicious buzz friendfeed Linkedin diigo reddit stumbleupon European Union (EU) should develop energy transit routes to end energy isolation, European Commission said here on Friday.European Energy Commissioner Gunther Oettinger and Georgian Prime Minister Nika Gilauri held a meeting on Friday to discuss Georgia's potential in the development of energy transit routes.
As gas markets in southern and central EU member states are isolated, the European Commission suggested developing a transit project to end EU countries isolation in terms of energy.
According to the commission, the project should aim at improving wholesale competition and establishing a physical connection between the two regions.
Commissioner Oettinger said Nabucco, a gas pipeline from Central Asia that bypasses Russia, complies with the EU criteria and has been considered a priority to open a southern corridor. He also considered LNG as an additional and important project as well.
"Nabucco is a very important project and it will soon be realized," Georgian Prime Minister Nika Gilauri said, adding that development of further projects could play a significant role for Eastern Europe, Romania, Bulgaria, Hungary and Ukraine.
Source:Xinhua
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