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EU Plans Emergency Meeting on Russian-Ukrainian Gas Dispute

European Union energy officials will hold an emergency meeting next week amid concerns that the Russian-Ukrainian dispute over natural gas prices could affect EU gas supplies.

An EU statement released Friday says the meeting is aimed at finding a common approach. It also expresses the European Commission's concern about the situation, but says the EU top executive body remains confident an agreement will be reached.

A Russian cut-off of supplies to Ukraine will reduce the amount of natural gas flowing through the main pipeline toward Europe. But the commission says there is no risk of a gas shortage in the short term.

German officials say they are hoping for a quick resolution to the dispute. Government spokesman, Ulrich Wilhelm says officials have been in contact with both sides at a working level, but will not mediate.

Some information for this report provided by AFP, AP and Reuters.