EU holds talks on reducing dependency on Russian gas

After holding talks on how the EU can move away from being dependant on Russian gas it has been revealed that a decision was not made. MEP’s from Eastern, Western and Central Europe had met to discuss how to better coordinate energy policy.

Russia has halted gas supply’s to Ukraine twice this year as fighting had broke out between the Government and Pro-Russian Forces. Ukraine is a country that experiences average temperatures below 0°C for four months of the year and has a huge dependency on gas imports. The EU has became increasingly weary of this aggressive behaviour from Russia which is why they are going to attempt to move away from Russian imports.

One option that for the EU is to import Liquid Natural Gas (LNG) from the US as their exports from fracking increases. It is expected that the US will be in a position to flood the market with LNG by the end of the year.