Sunday, 11 March 2018

Gas price vice - the EU dimension

The current Private Eye reports that cross-channel flows of gas stopped last week because regulators in France prevented French traders from selling gas to Britain in order to preserve their own stocks. This would have been in contravention of the EU's principle of the free movement of goods. The Eye says "similar French behaviour 14 years ago caused the European Commission to rap them over the knuckles, and it was supposed to be a thing of the past". It occurs to me that the UK has been too soft in asserting its rights within the EU, expecting to be wet-nursed by the Commission. France would not have stood for such treatment if the positions had been reversed. It does not bode well for gas supply in Donald Tusk's putative Free Trade Agreement.

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