09
May
2006
Policy Papers Russie.NEI.Visions
Michael THUMANN

Multiplying Sources as the Best Strategy for EU-Russia Energy Relations "Russie.Nei.Visions", No. 10 (d), May 2006

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Energy security and gas supply have become issues of central concern for the European Union as reserves in the North Sea are dwindling. Russia is offering to replace the North Sea supplies in the future, but the EU should be aware that Moscow will not be able to fully meet Europe's demand in the future. Russia will remain a significant supplier, but the EU needs to look for other possible sources of gas supply in Northern Africa, in the Caspian Sea region, in the Barents Sea, and in the Persian Gulf. Diversification is the best strategy for enhancing European energy security.

Multiplying Sources as the Best Strategy for EU-Russia Energy Relations