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European energy market needs serious readjustment-RGS head

The GRS president explained that the current situation “was created by not always well thought-out decisions of Brussels on the regulation on the European gas market”

BRUSSELS, May 30 (Itar-Tass) - The energy market across Europe needs serious readjustment, President of the Russian Gas Society (RGS), First Deputy Chairman of the Duma Committee on Natural Resources, Environment and Ecology Valery Yazev said on Thursday. He was speaking at the opening of the Eighth International Conference “Energy Dialogue: Russia - European Union. Gas Aspect.”

In the view of the politician, the main outcome of Thursday’s meeting between representatives of gas companies in Russia and the European Union should be the “common understanding that the energy market of Greater Europe needs serious readjustment.” Yazev also believes that measures should be taken “without delay, as the energy-efficient and environmentally friendly gas generation has come under intense pressure of a number of factors that block the development of the European Union’s gas industry.”

The GRS president explained that the current situation “was created by not always well thought-out decisions of Brussels on the regulation on the European gas market,” which has caused a number of negative consequences, including reduced use of gas.

The forum that was jointly organised by the Russian Gas Society and Eurogas (European Natural Gas Industry Union) is attended by representatives of Russian and European gas companies, the European Commission and the Ministry of Energy of the Russian Federation, deputies of the European Parliament and the State Duma, experts and diplomats.

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