Putin praises Army-2017 international military forumMilitary & Defense August 22, 14:15
Belarus invites Ukraine and NATO to monitor West-2017 military drillsMilitary & Defense August 22, 13:55
Russia may develop seven-tonne remote-controlled convertiplaneMilitary & Defense August 22, 13:53
Deliveries of Mi-28NM helicopters may start in 2018Military & Defense August 22, 13:39
Press review: US Embassy's seismic visa shift and Iraq mops up Islamic StatePress Review August 22, 13:00
Russia to grant $700 mln loan to BelarusBusiness & Economy August 22, 12:58
Russia’s Aerospace Force to get eight Mi-28UB helicopters by year-endMilitary & Defense August 22, 12:44
Ka-52 helicopter to be armed with new defense systemMilitary & Defense August 22, 12:00
Rostov-on-Don inferno claims life of one victimSociety & Culture August 22, 11:41
MOSCOW, February 6. /ITAR-TASS/. European countries are increasingly dependent on oil import from Russia, says the report of Bank of America Merrill Lynch.
Analysts explain this trend with Europe’s gas shortage due to insufficient hydrocarbon production at home, which is decreasing faster than demand, while liquefied natural gas (LNG) is supplied to Asia, not Europe, and fuel storages in Europe remain insignificant. As it was reported earlier, Europe is trying to tackle the issue of its dependence on Russian hydrocarbons.
According to the Central Dispatching Department of the Fuel Complex, foreign countries imported 228.3 million tons of oil last year, with about 200 million tons out of this amount going to Europe against 212.5 million tons and 190 million tons respectively a year earlier.
According to Gazprom Export, Russian gas supplies to Western Europe increased 20% to 127 billion cubic meters last year. Supplies to Eastern and Central Europe expanded 4.3% to 34.43 billion cubic meters, while total exports to Europe grew 16.3% to 161.48 billion cubic meters.