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With both energy consumption and dependency on oil and gas imports growing and supplies becoming scarcer, the risk of supply failure is rising. Securing European energy supplies is therefore high on the EU's agenda. Besides promoting energy efficiency, the EU promotes a broad mix of energy sources. Moreover, it aims for diversity in suppliers, transport routes and transport mechanisms. Several safeguard mechanisms shall secure energy supply for European citizens and industries: Building reliable partnerships with supplier, transit and consumer countries reduces the risks of Europe's energy dependency. Member countries have to keep emergency stocks of gas and oil and ensure investments in electricity networks. A coordination mechanism has been set up so that Member States can react uniformly and immediately in emergency cases.
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Energy Security of Supply |
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Security of energy supply and international cooperation On 7 September 2011, the European Commission adopted the |