EU energy policy must shift towards diversifying supply, with natural shale gas likely to be part of the mix, EU leaders said at a summit in Brussels on Wednesday (22 May). (...)
For his part, European Council President Herman van Rompuy said the summit was the "right moment for a strategic debate on European energy policy." He noted that "Europe will soon be the only continent dependent on imported energy." He also called for increased investment in energy infrastructure and efficiency in a bid to cut costs.
Energy prices in Europe are over twice the levels in the US. The emphasis on competitiveness and prices is an indication that environmental and climate concerns are falling down the EU's list of priorities, however. (...)
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