Industryweek 6415 Eu And Us Energy Summit Discuss Ukraines Gas Woes

EU and US Energy Summit to Discuss Ukraine's Gas Woes

March 27, 2014
The European Union and the United States meet April 2 to discuss energy cooperation, notably how to help Ukraine meet its energy needs and repay its sizable gas debt with Russia.

BRUSSELS -- The European Union and the United States meet April 2 to discuss energy cooperation, notably how to help Ukraine meet its energy needs and repay its sizable gas debt with Russia.

U.S. Secretary of State John Kerry and EU foreign policy chief Catherine Ashton will attend the talks, which will come under the framework of the EU-US Energy Council, established in 2009 to foster transatlantic cooperation in the energy industry.

A source close to the talks said the situation in Ukraine was "a big thorn in the side" for the EU and the U.S., with concerns that the troubled eastern European country was now dipping into its reserves.

The EU has committed 1.6 billion euros of assistance to Ukraine, and the U.S. and Japan have earmarked 1 billion euros each.

The EU has also vowed to help Ukraine with gas supplies if supplies from Russia are interrupted. It could do that by reversing the flow of gas in a number of pipelines.

Oettinger said 2 billion cubic meters of gas could be sent to Ukraine through pipelines in Poland and Hungary.

Pipelines from Slovakia could add between 3 billion and 8 billion cubic meters by the end of the year, he added.

Copyright Agence France-Presse, 2014

Popular Sponsored Recommendations

Navigating Disruption: A Leader’s Guide to Strategy Under Uncertainty

Nov. 1, 2023
AI, sustainability, digital--industrials are facing disruptive forces that are redefining what it takes to win. What got your company where it is today won’t get you where you...

Smarter Savings for Manufacturers - Guide

Sept. 12, 2023
Enhance your service experiences and boost revenue while reducing costs. Learn how one platform can help your business be more agile and productive in today's market.

Discrete and Process Manufacturing 2024 Trends and Outlook for North America

Oct. 29, 2023
Manufacturers are reaping the benefits of automation and cloud-based solutions. Discover what is driving today's industry trends and how they can shape your growth priorities ...

You Cannot Stay Competitive by Bolting New Technologies to a Legacy ERP

Oct. 20, 2023
Read this white paper to understand the benefits of shifting to a next-generation ERP system as part of a DOP.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!