Borrell: Problems with gas in EU related to crisis in relations with Russia

EU foreign policy chief Josep Borrell said that difficulties with gas supplies in Europe are caused by a crisis in relations with Russia, Report informs.

“Energy has always been among the most important geopolitical issues. With high prices and gas supplies challenges caused by the crisis with Russia, it is at the top of our agenda. We need to address short-term pressures while sticking to our long-term goal of the net-zero transition. The EU-US Energy Council in Washington DC will boost transatlantic cooperation on this front,” Borrell wrote in his blog ahead of the meeting of the EU-US Energy Council which will take place on February 7.

He added that the EU should urgently consider the issue of creating strategic gas reserves against the backdrop of a “severe crisis” in relations with Russia.

“We should urgently consider developing EU strategic gas reserves and the possibility of joint gas purchasing, as the Commission has suggested,” he added.