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Washington, DC – The G7 recently met in Rome to discuss the challenges of energy security following Russia’s invasion of the Crimean peninsula, and reaffirmed its commitment to pursuing collective energy security.
“Energy should not be used as a means of political coercion nor as a threat to security,” the seven countries stated, calling for the development of competitive energy markets, an increase in alternative energy production, and additional investment in research to reduce reliance on Russian energy.
The plan calls for solutions over the short, middle and long terms, including emergency relief measures during the coming winter. For smaller eastern European countries, however, the threats loom larger than for their western counterparts. The Baltic countries are almost entirely dependent on Russia for their energy supply, and are vulnerable in a way that larger countries with more diversified energy supplies and more established economies are not.
“The energy dominance, or the monopoly, of Russia is always a danger,” Latvian Prime Minister Laimdota Straujuma told more>>
The post Europe: Weaning itself off Russian energy appeared first on Synergen Consulting International.
