nov 11
MOSCOW PROPOSES ENERGY SECURITY CONVENTION AT G20
FRANCE
Cannes - Russia has asked the G20 to adopt a convention on energy security for which it has already prepared a draft. This proposal is effectively the Russian answer to the so-called third E.U. energy package, which Moscow considers discriminatory. As a supplier of gas, explained President Dmitri Medvedev at the Cannes summit, Russia believes the third energy package "will upset the balance of relations between suppliers, consumers and transit countries." The bone of contention between Moscow and Brussels, this third energy package introduces a separation between energy production and distribution, so as to avoid monopolies and dominant market positions such as that of the Russian colossus Gazprom. Medvedev appealed to economic partners to be responsible and presented the Russian alternative to these European measures.