Skip to main content

EU Seeks Energy Security Solutions to Russian Gas Challenge

Richard Weitz

On May 28, the European Commission released its comprehensive energy security strategy. Although the immediate goal is to avert another winter energy crisis such as those Europe experienced in 2006 and 2009, the long-term objective is to reduce European Union reliance on vulnerable foreign energy supplies, especially from Russia. The European Council, comprised of the member states’ heads of state or government, will discuss the proposed plan at its June 26-27 session.

Europe’s core challenge is that its energy demand will rise by an estimated 27 percent by 2030, while EU domestic energy production is falling. EU countries already rely on external suppliers for more than half their energy needs at a cost of over one billion euros each day. EU members rely on external sources for 88 percent of their crude oil and 66 percent of their natural gas consumption. Even in the case of solid fuels such as coal, the EU receives almost half its deliveries from non-EU members. …

Click here to read the full article.

Related Articles

How Will Asia React to Japan's New Foreign Policy?

John Lee

John Lee explains why the Asian region, excluding China, will likely welcome Japan's proactive foreign policy....

Watch Now

KI News Highlights (April 18-24)

Kleptocracy Initiative

Financial corruption and autocracy media coverage....

Continue Reading

European Union Gas Follies, Part Two

Arthur Herman

The European Union has announced it's going to sue Russia's natural gas giant, Gazprom, for antitrust violations. ...

Continue Reading