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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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French Prime Minister Manuel Valls (centre) and Spanish Prime Minister Mariano Rajoy (second from right) watching as technicians connect a power line from Baixas in France to Santa Llogaia in Spain, in Montesquieu des Alberes this month. The link is one step towards the single market.

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

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