Remarks at the Budapest Energy Summit - Francis R. Fannon - U.S. DEPARTMENT OF STATE

December 3, 2018Remarks
Francis R. Fannon
Budapest Energy Summit

Budapest, Hungary

Introduction

Good morning. Thank you Piroska for the kind introduction. I’ve seen a lot of Budapest and I’m pleased to be here today for the Budapest Energy Summit.

Today I would like to discuss Europe’s energy security: the challenges and the opportunities.

The United States has been engaged in energy issues as key to foreign policy since the 1800s. The State Department, at that time, worked to secure markets abroad for U.S. oil and kerosene, some of our largest exports at the time. In the 1970s, the Department was at the forefront in managing oil supply shocks, with then Secretary of State Kissinger helping to found the International Energy Agency.

Nord Stream 2 Gas Pipeline to Improve European Energy Security - Moscow - SPUTNIK NEWS

30.JUNE.2018, 11:19 

Sergey Guneev

VIENNA (Sputnik) - The European Union realizes that Russia is the guarantor of the European energy security, Russian Deputy Foreign Minister Alexander Grushko told Sputnik commenting on the US calls to abandon the Nord Stream 2 gas pipeline project.

"I think that everyone in Europe realizes that Russia is the guarantor of continent's energy security. And if we talk about US ambitions to ensure this security, the current US share in the European gas market is about only two percent," Grushko said in an interview.

The energy cooperation requires maximum depoliticization and should be based on economic interests, Russian Deputy Foreign Minister Alexander Grushko told Sputnik.

"We have always assumed that the energy cooperation should be based on economic factors. It is necessary to achieve maximum depoliticization of such cooperation, to eliminate the influence of any geopolitical factors," Grushko noted.

The construction of the Nord Stream 2 gas pipeline will improve the European energy security, the Russian Deputy Foreign Minister stated.