DigitalLook: EU Will Struggle to Reduce Natural Gas Imports from Russia, Experts Say

The European Union would find it difficult to reduce its reliance on natural gas imports from Russia, according to industry experts.

While overtures are afoot to decouple from Russian imports in wake of the Ukraine crisis and subsequent sanctions on Moscow, published data paints a grim picture. According to Eurogas, a non-profit lobby group of natural gas wholesalers, retailers and distributors, the EU's 28 members sourced 24% of their gas from Russia in 2012.

However, averages can be misleading. For instance, Estonia, Finland, Latvia and Lithuania got nearly 100% of their gas from Russia, with Bulgaria, Hungary and Slovakia not far behind having imported 80% or more of their requirements. On the other hand, UK and Netherlands appeared to be least exposed.

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