The Europan Union is desperately seeking to cut its dependence on Russian gas and is planning on harnessing more energy from the wind, the sun, the sea as well as identifying new sources in Africa and the Caspian, to do so.
Since energy prices have risen by around 15 percent in the EU last year, leaders are urgently searching for a permanent solution to this problem.
Pricing disputes with Russia, interruption of supplies by transit states and Russian invasion of Georgia have all contributed towards pushing the 27- nation organisation towards reducing its dependence on Russian gas.
The European Commission's Strategic Energy Review has stated that they will seek to finalize gas supply commitments from Azerbaijan and Turkmenistan and will look at creating a consortium to buy Caspian gas. However, since the EU has set a target to cut their reliance on fossil fuels to reduce EU emissions by 2020, they are hoping that their imports will considerably reduce by then.
Information: Article by Pete Harrison for Reuters on the Gardian website. To read the complete article click here.
Since energy prices have risen by around 15 percent in the EU last year, leaders are urgently searching for a permanent solution to this problem.
Pricing disputes with Russia, interruption of supplies by transit states and Russian invasion of Georgia have all contributed towards pushing the 27- nation organisation towards reducing its dependence on Russian gas.
The European Commission's Strategic Energy Review has stated that they will seek to finalize gas supply commitments from Azerbaijan and Turkmenistan and will look at creating a consortium to buy Caspian gas. However, since the EU has set a target to cut their reliance on fossil fuels to reduce EU emissions by 2020, they are hoping that their imports will considerably reduce by then.
Information: Article by Pete Harrison for Reuters on the Gardian website. To read the complete article click here.
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