Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-06-13-Speech-2-206"

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"en.20060613.26.2-206"2
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"Mr President, the hottest topic in EU-Russia relations at the moment is energy. Energy is a barometer of EU and Russian policy and the EU and Russian economies. Energy is also a possible cause of conflict between the European Union and Russia. Power cuts and interruptions in the flow of gas and oil immediately result in internal crises in many Member States. The interruptions in January left Europe in a partial state of emergency. What then could be done about this? The problem could initially be solved with supply contracts. Russia wants long-term supply contracts so that it can focus on investing in equipment to guarantee its own energy supply. Many in the Union believe that long-term contracts harm competition. In this situation, however, in which there is always a shortage of energy, long-term contracts are hardly the biggest problem; rather, they could offer both parties a common goal. Contracts guarantee the position of both buyer and seller, and they create stability in the energy supply. At the same time, the Union could have an influence on increased investment in the Russian energy sector, which in turn would have an impact on reliability of operations. The aim is obviously at some stage to open up the two energy markets to competition, both the Union’s and Russia’s. Action could be taken during the Finnish Presidency, as we in Finland have had a long energy partnership with Russia with very long-term agreements, and there have been no worries about reliability of operations, even though Russia has had a couple of revolutions in the last 15 years. All the while, the electric power, the oil and the gas have been arriving in the volumes agreed. It therefore makes life easier for both parties and creates predictability, which should be the correct starting point between neighbours."@en1

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