THE INDEPENDENT ON SUNDAY: Russia ‘vital to Europe’s energy security’
“It comes as Shell prepares to bid for a slice of a $30bn (£16bn) liquefied natural gas (LNG) project in the Barents Sea.”
Sunday 11 Sept 2005
By Tim Webb
Published: 11 September 2005
Europe will be dependent on Russia for reliable energy supplies for decades to come, Malcolm Wicks, the new energy minister, will say in a speech in Moscow this week.
Europe must develop stronger ties with Russia as a result, he will tell Moscow-based executives from Europe’s largest energy companies, including BP, Shell, Norwegian firm Statoil and Russian gas giant Gazprom.
The UK became a net importer of gas this year for the first time in two decades as North Sea reserves dry up.