EU Energy Council of Ministers in Luxembourg on the 12th through the European Commission concerning the security of oil reserves legislative proposal to strengthen the EU to deal with oil supply crisis.
The European Commission in Brussels issued a statement the same day, the adoption of legislative proposals welcomed. European Commission member responsible for energy affairs, Piebalgs said: "The new legislation will enable the EU oil reserves closer to the current international practice, thus enhancing the efficient use of oil reserves the EU's ability to reduce their future energy supply crisis for consumers the potential negative impact. "
The European Commission said in a statement that the International Energy Agency in accordance with established practice, the future EU member states must maintain reserves of not less than 90 days of its oil imports oil. The new legislation requires EU member states to enhance the utilization rate of oil reserves, oil reserves that can not be secured, it can not be used for other purposes.
New legislation requiring the holder of oil reserves must be a member or members of the central part of inventory entities, or to achieve the same level of agreement institutions. The new legislation also gives the EU new powers, such as Member States can monitor and review stock of oil reserves so that these reserves can effectively deal with possible energy supply crisis. Without the consent of the European Union must not use a large amount of oil reserves.
The European Commission proposed in November last year on the safety of the oil reserves of legislative proposals. The EU Council of Ministers after the passage of energy, from the European Union published official documents from the date of, the legislative proposals will become an official EU regulations, EU member states should be progressively implemented in accordance with their respective situations, but not later than 2012 December 31.
Source: www.in-en.com Jun. 13, 2009
