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    The Moscow Times: Europe Bracing Itself for Worst-Case Gas Scenario

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Summary

European Union is planning a new round of negotiations as the danger of supply disruptions to Europe heightens.

by: Sruthi

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Press Notes

The Moscow Times: Europe Bracing Itself for Worst-Case Gas Scenario

In the wake of Russia's decision to switch Ukraine to prepayment for gas starting Monday, the European Union is planning a new round of negotiations as the danger of supply disruptions to Europe heightens.

European officials say, however, that the bloc is currently far better prepared to cope with shortages than it was back in 2009, when a dispute between Ukraine and Russia disrupted gas supplies to Europe.

"Much has changed [since 2009]. We did a lot to improve the security of gas supplies. There are interconnections between member states; we have more reverse flow options. It is easier to help each other if necessary," European Commission spokeswoman Sabine Berger said.

Europe on average depends on Russia to supply a third of its gas, half of which goes through Ukraine, so only 15 percent of EU supplies are endangered.
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