Extracts from the joint press briefing by Nobuo Tanaka, Executive Director of the International Energy Agency (IEA), and Andris Piebalgs

Type: Summary of press conference   Reference: I-058809   Duration: 10:16:42  Lieu:
End production: 04/09/2008   First transmission: 04/09/2008
Presenting the main findings of the International Energy Agency Review of the EU's Energy Policy, Nobuo Tanaka, Executive Director of the International Energy Agency (IEA), said that the European Union should fully liberalise its electricity and gas markets. The European Commission proposed dividing ownership of gas and electricity supply from pipelines and grids - the so-called unbundling - in a drive to help new market entrants and force down prices. Nobuo Tanaka told journalists that the IEA believed that the endorsement of full ownership unbundling by the European Parliament should be seen as an opportunity to move closer to full energy market liberalisation and to full cross-border integration of the EU energy market, and that they encouraged the Commission to pursue its original preferred option in debate with the other institutions. Asked about the planned Nabucco pipeline to bring gas from central Asia, Andris Piebalgs, Member of the EC in charge of Energy, said that the project should be supported because nobody doubts that there will be a need for this infrastructure. The European Union wants to reduce its dependence on Russian energy supplies.

Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
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TIME DESCRIPTION DURATION
10:13:23 Title 00:00:04
10:13:28 General views of the press conference (2 shots) 00:00:10
10:13:38 Andris Piebalgs, Member of the EC in charge of Energy, (in ENGLISH) saying that he is very glad that the International Energy Agency has made the report because it is a very crucial question that is quite often being asked: is there an EU energy policy or is there not?; this review gives a clear answer: yes, there is a policy; there are issues that should be dealt with more in detail and there are issues that require more attention from the EU, but basically the policy is sound 00:00:30
10:14:08 Cutaway of press 00:00:07
10:14:15 Nobuo Tanaka, Executive Director of the International Energy Agency (IEA), (in ENGLISH) on liberalisation of EU energy markets; saying that transmission system operators should be given full independence from other business in the energy supply industry; while regulation can achieve much of this outcome, it is always going to be a second best solution; some EU Member States already have full ownership unbundling and it is working; they believe that the endorsement of full ownership unbundling by the European Parliament should be seen as an opportunity to move closer to full energy market liberalisation and to full cross-border integration of the EU energy market; they encourage the Commission to pursue its original preferred option in debate with the other institutions 00:00:53
10:15:08 Cutaway 00:00:06
10:15:14 Nobuo Tanaka (in ENGLISH) on the question of EU energy dependence to Russia; saying that Russia is much more dependent on Europe now than European dependence to Russia; they are exporting 70% of their exports to Europe; it is a more mutual dependency; when they talk to the Russian government and Gazprom, they always claim that they are the most sustainable and reliable supplier; this must be tested in various occasions; it is a matter of mutual relationship 00:00:39
10:15:53 Cutaway 00:00:06
10:15:59 Nobuo Tanaka (in ENGLISH) on Georgia and the Nabucco pipeline; saying that of course the issue is: does Nabucco have enough gas supply in pipeline or do they have enough users?; these are the big elements; the security or stability of the transit countries is certainly a very important element for the investors in this project 00:00:26
10:16:25 Andris Piebalgs (in ENGLISH) on the same issue; saying that for an insfrastructure as Nabucco, it does not change their minds, nor, he believes, the European Investment Bank's that the project should be supported, because nobody doubts that there will be a need for this infrastructure 00:00:17
10:16:42 Cutaway 00:00:07
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