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    Reuters: EU to Grow More Reliant on Gas Imports, Russia Supply Seen Flat - BP

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Summary

With rising gas demands, Europe's need for Russian gas will remain the same over the next 20 years, BP's chief economist has said

by: Erica Mills

Posted in:

Press Notes

Reuters: EU to Grow More Reliant on Gas Imports, Russia Supply Seen Flat - BP

Europe's reliance on imports of natural gas is likely to rise from half to three quarters over the next two decades and Russia will continue to supply around 30 percent of EU needs, BP's chief economist said on Friday.

The figures are troubling for European Union policymakers striving to reduce dependency on Russia, which is in conflict with Ukraine, the main transit route for Gazprom's gas to the EU.

Read the full article HERE.