G8 Countries Agree on Energy Security Rules

The heads of the foreign offices of the G8 countries, meeting in Moscow yesterday, agreed on a document for the summit in St. Petersburg next month. The document is expected to be a foundation for dependable fuel supplies to the world market. In spite of the disagreement over the subject, Russia seems to have convinced the other countries at least to take a common approach to the problem, that of reducing market influences on world oil prices. Russian Foreign Minister Sergey Ivanov announced yesterday that a “solid and all-encompassing” document on energy security was almost ready. According to Lavrov, the document, initiated by Russia, supports “identical market rules of the game on the energy market for all.” U.S. Secretary of State Condoleezza Rice said the document contained “common sense.”
Kommersant