EU needs for traditional energy resources will be reduced

12 may 2014 | Kommersant

Head of Department for Strategic Studies in Energy at the Analytical Center Alexander Kurdin made this statement, presenting the Global and Russian Energy Outlook up to 2040, prepared by the Analytical Center for the Government of the Russian Federation together with the Institute of Oil and Gas Problems of the Russian Academy of Science.

Alexander Kurdin
Alexander Kurdin
Department for Strategic Studies in Energy

“Without regard to the geopolitical cataclysms, Europeans had a tendency to scale down their dependence on the largest suppliers, such as Russia”, - Kommersant quoted Alexander Kurdin. In addition, the interest for energy conservation and alternative energy along with a slow rate of economic growth means that the EU needs for traditional energy resources will be reduced. Therefore, although the Analytical Center doesn’t expect sanctions to be imposed on Russian fuel and energy complex, the Global and Russian Energy Outlook up to 2040 forecasts a decrease in exports of Russia’s energy resources to the West and their expansion to the East”.