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UPDATE 1-EU executive demands new powers in gas crises

Wed Jun 17, 2009 9:49pm IST
 
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* EU executive to make new proposals on handling gas crises

* Draft says Commission to coordinate gas supplies

* States to share daily reports on economy and supply/demand

(Adds background, quote)

By Pete Harrison

BRUSSELS, June 17 (Reuters) - European Union countries should hand the European Commission powers to coordinate gas flows in the 27-member bloc in the event of a gas crisis, according to a draft Commission report.

The proposal is the EU's main policy response to the supply disruption that occurred in January following a pricing dispute between Russia and transit country Ukraine.

Tension between Moscow and Kiev has mounted in recent weeks and many energy experts forecast a repeat in coming months. [ID:nLH168706]  Continued...

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