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7/17/08

Forbes: France calls on gas-consuming countries to club together

For the complete report from Forbes.com click on this link

France calls on gas-consuming countries to club together

French Foreign Minister Bernard Kouchner, whose country currently holds the EU's rotating presidency, said European countries should club together to give them greater bargaining power in their negotiations with gas suppliers such as Russia. At a time of soaring energy prices, 'we believe it would be better to strike a common stance in Europe,' Kouchner told a joint news conference with his Austrian counterpart Ursula Plassnik. 'Russia negotiates with us as if Europe didn't exist. They negotiate on a one-on-one basis which is understandable but not to our advantage,' he said.

The idea of a European gas purchasing centre, as proposed by the previous EU president Slovenia and taken up by French President Nicolas Sarkozy, would fit in with this, Kouchner argued, pointing out that such a facility already existed in the area of electricity. Note EU-Digest: This is an excellent idea and could also be applied in other areas related to energy supplies.

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