Showing posts with label European Neighbourhood Policy (ENP). Show all posts
Showing posts with label European Neighbourhood Policy (ENP). Show all posts

Sunday, July 2, 2017

Challenges of an East Med pipeline - CYPRUS MAIL

JULY 2, 2017 
Abboud Zahr

Energy security is a key concern for the European Union (EU), an energy importer reliant on producing and transit countries for supply.

The majority of the EU’s oil and gas imports originate in neighbouring regions. For gas, the EU relies mainly on Russia, which supplies 38 per cent of its imports. Natural gas may have the brightest energy future among the fossil fuels, given its potential to serve as a transition fuel to a sustainable and environmentally-friendly energy future. However, with the bulk of its gas supply imported from Russia, the EU might look for alternatives to diversify its supply sources as well as its political and economic risks.