Tuesday, November 20, 2007

Russia will supply a third of European gas

From RIA Novosti:

At the 20th World Energy Congress in Rome on November 11-15, Russian representatives confirmed that they have chosen Europe as a priority market of energy supplies for many years ahead.

Gazprom, for instance, intends to increase its share in the European gas market from the current 26% to 33% by 2015. It seems that Russia is not particularly worried about the EU initiative to protect its domestic energy market, which was made public in October.

Last month, the European Commission published a package of bills separating electricity transmission and distribution, and gas production and transportation. This may affect companies from the countries that supply energy resources to the European Union but are not part of it, such as the Russian gas monopoly Gazprom....MORE