EU signals it's on an energy-buying spree
Soaring prices for fuel and low gas storage levels force Brussels to ‘improve risk-preparedness'
The European Union is in talks with its trading partners in search of viable options to increase supplies of natural gas to its member states, according to the bloc's Energy Commissioner Kadri Simson.
“The gas storage levels in the EU are significantly lower than usual at this time of the year,” Simson said, after a meeting with European energy ministers in France on Saturday.
The energy chief added that EU authorities need to remain “extremely vigilant” to make sure the bloc is ready for emergency situations at a time of unusually low gas storage levels, along with increased tensions beyond its eastern borders.
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