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Energy and Climate Change

Buzek makes case for gas purchases coordination in EU with energy CEOs

Brussels -
Wednesday, April 20, 2011

European Parliament President Jerzy Buzek urged chiefs of the European Union´s biggest natural gas companies to consider the coordination or joint purchases of fuel to strengthen their hand in negotiations with outside suppliers. President Buzek also stressed the need to complete the single market.

Hosting a seminar in Brussels at the European Parliament attended by nearly 30 Chief Executive Officers (CEOs) and senior officials, Buzek said:

"I believe we need to take a serious look at the issue of joint purchasing groups and at better coordination with the European Commission when it comes to international agreements.

Gas should not be any different than any other trade agreement.

Our neighbourhood both to the East and the South has proven to be unstable. Our reaction has to be more and not less Europe."

The idea of coordinated gas purchases has been floated by Buzek and Delors in their European Energy Community initiative, which also calls for a swift creation of a genuine single market in energy.

"The European Parliament believes that we have to create a functioning single market in energy as soon as possible. This is an opportunity," Buzek told the seminar, also addressed by EU Energy Commissioner Günther Oettinger.

"We believe that only by creating economies of scale in energy will we be able to remain competitive," Buzek said.

"Energy should be a priority in the EU´s next multi-annual financial perspective after 2013.

We also believe that there has to be a shift in terms of our political priorities, making energy one of the key goals of our next EU multi-annual financial perspective."

Note to editors:

Full text of the Buzek and Delors Declaration on the creation of a European Energy Community - 5 May 2010

http://www.europarl.europa.eu/president/view/en/press/press_release/2010/2010-May/press_release-2010-May-4.html

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