BRUSSELS TAKES RECESSION INTO ACCOUNT IN MEDIUM-TERM EU ENERGY PLANS
August 1st, 2010
BY KEITH NUTHALL, ALAN OSBORN
The European Commission's 'stock taking document' called Towards a new Energy Strategy for Europe 2011-2020, tries to take the recession and its effect into account when looking at EU energy policy for the next decade.
It warns that the economic crisis has temporarily depressed gas prices and created a gas supply glut and this could undermine political momentum towards making investments in infrastructure and supply sources.
"The uncertainty created by the crisis puts the brakes on many critical energy projects and risks ...
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