Tuesday, November 21, 2006

Gazprom monopoly heats up Europe


The late statements on Romania’s energy security, doubled by last week’s events caused an effervescent debate. Both NATO and the European Union are worried about Russia’s intended expansion in the natural gas provisioning.

The only solution seems to be a common European policy in alternative gas resources, in order to avoid the dependence on Russia.

In the energy area, Romania lived a series of events during the past few days: the Petrom privatization became subject for the Supreme Defense Council, Economy Minister accused political pressure, several managers were suspended and NATO officials declared they are just as preoccupied as Romanians in the energy issues.

Even more, a confidential NATO report warned on Russia’s intention to build a natural gas cartel, along with Asian and Algerian producers, while Gazprom and Lukoil signed a collaboration agreement with Algerian Sonatrach.

HotNews.ro, Nov 20, 2006

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