The European Union will continue to rely heavily on imports of Russian gas even if it takes measures to diversify sources of supplies. This was the view of a number of major European energy companies speaking at the European Energy 2014 conference jointly organised by European Voice and The Economist on 8 October.
The EU has drawn up a series of measures to cope if Russia cuts supplies of gas to Ukraine this winter. They include increasing gas storage and preparing reverse flows of gas into Ukraine. Russia says that Ukraine must settle unpaid bills for gas it has already received …read more
Source: European Voice
