BERLIN: Gazprom, the Russian export monopoly that delivers a quarter of the European Union's natural gas, warned the bloc Tuesday that it was endangering its own security of supply with plans to break up the Continent's energy giants. At an annual EU-Russian energy conference, Gazprom's director for international relations, Stanislav Tsygankov, said proposals being drafted by the European Commission to force the separation of energy production, transmission and distribution would sow "instability and unpredictability" across the sector. "Which companies will be able to plan long term investments under those conditions?" he asked at the conference, which was organized by Gazprom, the Russian Gas Society and the German Council for Foreign Policy.
BERLIN: Gazprom, the Russian export monopoly that delivers a quarter of the European Union's natural gas, warned the bloc Tuesday that it was endangering its own security of supply with plans to break up the Continent's energy giants.
At an annual EU-Russian energy conference, Gazprom's director for international relations, Stanislav Tsygankov, said proposals being drafted by the European Commission to force the separation of energy production, transmission and distribution would sow "instability and unpredictability" across the sector.
"Which companies will be able to plan long term investments under those conditions?" he asked at the conference, which was organized by Gazprom, the Russian Gas Society and the German Council for Foreign Policy.
It is impossible that this huge drain of resources can lead to lower prices and better deals, but, hey, if you can you can sell energy liberalisation to countries with perfectly settled energy markets, I have some penguins who need fridges. keep to the Fen Causeway
Because that would be totally wrong.
