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EU unveils plans for historic single energy market

Decision timely as Russia threatens to cut gas deliveries to Ukraine, putting onward supply to Europe at risk

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Published Thu, Feb 26, 2015 · 09:50 PM

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    Brussels

    THE EU unveiled plans on Wednesday for a continent-wide single energy market to reduce its uneasy reliance on Russian supplies and cut a massive annual import bill of some 400 billion euros (S$612 billion).

    The proposals by the European Commission, the executive body of the 28-nation bloc, are timely as Russia once again threatens to cut gas deliveries to Ukraine, putting onward supply to Europe at risk.

    European UnionGazprom

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