Euro-MPs are calling for the creation of a European gas reserve, made up of British and Dutch supplies, which member states can tap into in the event of any future shortage. The transfer of ownership would be enacted under secret powers written into the controversial Lisbon Treaty. It gives Europe the legal power to take over individual states’ supplies to “ensure security of energy supply in the Union”.Ultimate control over Britain’s vast natural gas and oil fields – by far the biggest resource within the EU – will fall to Brussels if the new treaty, which has already been ratified by Britain, is adopted throughout Europe.
(Source: Daily Express)
