20-03-15

European Council adopts framework for Energy Union

cep energy expert Moritz Bonn says bundled gas purchases will help to strengthen the bargaining position of EU member states towards Russia

Heads of states and governments back Commission plans

The European Council of heads of states and governments on Thursday adopted the framework for an Energy Union. It stipulates, for example, that voluntary options for bundled gas purchases by the member states are to be assessed. However, this has to be in full compliance with WTO and EU competition rules, the leaders said in their statement. “Bundled purchases can strengthen the bargaining position of member states especially towards Russia,” cep energy expert Moritz Bonn points out. “Making joint gas purchases mandatory would, however, be the wrong approach because it would hurt the principle of freedom of contract, impair competition and markedly lower incentives to invest in gas infrastructure.”