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Der Standard - Austria | Tuesday, September 4, 2007

The GDF-Suez merger under criticism from Europe

According to Stefan Brändle, the merger between Gaz de France and Suez constitutes a harsh blow to a common European energy policy: "The GdF-Suez alliance will only serve to cement national borders within Europe's energy policy. It's almost as if every major EU member were to build its own Airbus. Against US rival Boeing this strategy would be as short-sighted as the French energy fusion is against top Russian producers like Gazprom. The French contend that the energy sector is governed by its own set of rules - in particular that of national independence. But ultimately France is harming itself by creating national energy companies that impede the formation of true 'European champions' and the construction of a pan-European answer to Vladimir Putin's energy imperialism."

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