EU ENERGY COMMISSIONER ANDRIS PIEBALGS INTERVIEW: OIL AND GAS ISSUES
October 1st, 2006
BY DAVID HAWORTH, in Brussels, and KEITH NUTHALL
1. The Commission is a keen supporter of creating increased gas storage capacities. But who should pay for developing these facilities?
The Commission believes that investment in storage should be left to the market, and the costs allocated through market forces. The Commission's task, however, is to provide a regulatory framework that guarantees a well-functioning market; investment in storage should then follow according to the needs of the market.
In the Green Paper on a European energy policy that the ...
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