Press Release: With oil prices surging, Loyola de Palacio recalls the necessity of having a concerted European approach to the issue of security of energy supplies

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Series Details IP/04/1020 (5.8.04)
Publication Date 05/08/2004
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For the Vice-President in charge of Energy and Transport, the latest surge in oil prices have once again underlined the importance of developing a proactive and concerted European policy on the security of energy supplies. In particular, Loyola de Palacio considers that the 'Strengthening of the EU's energy partnerships with the main surrounding suppliers and the European system of security stocks are both indispensable parts of such an approach'.

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