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EU Is Exploring Options to Get More Gas From Trading Partners

  • European energy ministers discussed security of gas supply
  • Spike in energy prices is aggravated by Russia-Ukraine tension
The Gaslog Greece liquefied natural gas tanker approaches Grain LNG importation terminal, on the Isle of Grain near Rochester, U.K., on Jan. 4.

The Gaslog Greece liquefied natural gas tanker approaches Grain LNG importation terminal, on the Isle of Grain near Rochester, U.K., on Jan. 4.

Photographer: Chris Ratcliffe/Bloomberg

The European Union’s executive arm is testing the waters to see if its trading partners, including the United States, could boost natural gas supplies to the region amid limited shipments from Russia and rising geopolitical risks, according to the bloc’s energy chief.

While the EU has a robust gas infrastructure and clear procedures in case of emergencies, it needs to remain “extremely vigilant” and improve its risk-preparedness, Energy Commissioner Kadri Simson said after a meeting with ministers from member states on Saturday. The European Commission is analyzing different scenarios to make sure national plans are fit for purpose at a time of unusually low gas storage levels and increased tensions beyond its eastern borders.