EUROPEAN-RUSSIAN ENERGY CO-OPERATION

Summary

That this House notes the developing conflict between the high prices of oil maintained by the OPEC countries and the priorities of consumers and governments Europe-wide; notes that changes over the past decade have positioned the Russian oil industry ideally to provide a stabilising role in the global oil market and to assist European markets diversify their sources; and urges Her Majesty's Government to support the EU initiative towards a strategic energy agreement with Russia discussed at the Paris Summit on 30th October, which seeks to provide a secure strategic energy source to supplement OPEC and which would provide reciprocal benefits to the peoples and economies of Russia and the EU countries.

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Timeline

1. 15 November 2000

   Early Day Motion

   That this House notes the developing conflict between the high prices of oil maintained by the OPEC countries and the priorities of consumers and governments Europe-wide; notes that changes over the past decade have positioned the Russian oil industry ideally to provide a stabilising role in the global oil market and to assist European markets diversify their sources; and urges Her Majesty's Government to support the EU initiative towards a strategic energy agreement with Russia discussed at the Paris Summit on 30th October, which seeks to provide a secure strategic energy source to supplement OPEC and which would provide reciprocal benefits to the peoples and economies of Russia and the EU countries.

   Source: Early Day Motion

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Sponsors

• Mr Robert N. Wareing · Labour · Primary sponsor

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