GAS SECURITY
September 1st, 2002
BY KEITH NUTHALLTHE EUROPEAN Commission has proposed the creation of an EU security of supply system for gas, involving Member States maintaining adequate stocks to cover shortfalls and circulating supplies. Brussels is also proposing improvements to the existing EU oil security system.Its proposed gas security directive would force national governments to create sufficient storage, to permit the redistribution of gas and ensure workable spot markets. They would not, however, be given minimum stock levels. Brussels would monitor gas supplies and, if necessary, ...
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