Business Feed Article | Business | guardian.co.uk
"US official urges EU to build one energy market
WARSAW, Sept 10 (Reuters) - Linking up European electricity grids and gas networks would boost the continent's energy security and economic competitiveness and help reduce its heavy reliance on Russia, a senior U.S. official said on Wednesday. 'Europe does not function as one energy market... It needs to unbundle its energy companies and create one deep, liquid European energy market,' Douglas Hengel of the U.S. State Department's economic bureau told Reuters in an interview.
'If systems in Europe are all linked up, that becomes in some sense instant diversification. That would allow gas to flow if there is a problem in one country to another country, to meet the needs.'"
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