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OSCE To Investigate Energy Security

A Russian gas pipeline (file photo) (epa) 12 January 2006 -- The Organization for Security and Cooperation in Europe, or OSCE, said today it will create a fact-finding mission to look into energy security, including in Russia and Ukraine.

Belgian Foreign Minister Karel De Gucht, whose country holds the OSCE rotating presidency, said the inspection mission would go to those two and other countries at a date he did not disclose. He also said the OSCE planned to organize an energy security conference later this year.

An acute price dispute between Russia and Ukraine led to gas shortfalls in Europe earlier this month. Europe currently gets 20 percent of its natural gas supplies from Russia, via pipelines in Ukraine.

The two sides eventually reached a controversial deal that Ukrainian Prime Minister Yurij Yekhanurov, in an interview with Associated Press, today vowed to formalize despite widespread criticism at home.


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