We present the high resolution X-ray spectrum of the BL Lac object PKS
2155-304 taken with the RGS units onboard XMM-Newton in November 2000. We
detect a OVII Kalpha resonant absorption line from warm/hot local gas at 21.59A
(~4.5 sigma detection). The line profile is possibly double peaked. We do not
confirm the strong 20.02 A absorption line seen with Chandra and interpreted as
z~0.05 OVIII Kalpha. A 3sigma upper limit of 14 mA on the equivalent width is
set. We also detect the ~23.5 A interstellar OI 1s-->2p line and derive a
factor <=1.5 subsolar O/H ratio in the ISM along PKS 2155-304 line of sight.Comment: 13 pages, 5 figures, 3 tables, emulateapj style. Accepted by Ap