North Sea gas is expected to be an important source of energy for the European Union (photo: dpa)

Russian gas: The EU’s energy strategy is putting its partnership with Moscow under strain

The future of the EU-Russian energy partnership faces major challenges. Not only is the global gas market in a state of flux, but the EU’s strategy of liberalising to promote competition and diversifying its energy sources to ensure that no one group or country holds member states to ransom has its weakened demand for Russian gas. But gas supply security is no longer the EU’s ‘Achilles heel’. It may even become the EU’s energy ‘stabiliser’.

JUST two years ago, gas was the second most used energy source in the EU after oil, accounting for 25 per cent of its gross consumption. By 2030 that consumption is expected to fall to 22 per cent.

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Dr. Frank Umbach
The cost of gas from new suppliers may rise, but is likely to be considerably lower than future high-priced Russian gas from new and very remote gas fields
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