UPI: International Gas Union boss unfazed by European crisis
The crisis in Ukraine shouldn't result in any near-term natural gas issues in the European market, the head of the International Gas Union said.
European consumers get about a quarter of their gas needs met by Russia, though most of that runs through the Soviet-era transit network in Ukraine. Russian energy company Gazprom cut gas supplies to Ukraine because of contractual issues in 2009 and the latest turmoil has sparked concerns about energy security in Europe.
International Gas Union President Jerome Ferrier said from Sydney the European market is less dependent on Russia that it has been in the past.