Putin discusses Russia’s economy growth with ministersBusiness & Economy September 24, 2:38
Lavrov warns against partition of SyriaRussian Politics & Diplomacy September 23, 0:00
Lavrov calls to coordinate Russian, US military action in SyriaRussian Politics & Diplomacy September 22, 21:05
Lavrov blames Obama administration for souring Russia-US tiesRussian Politics & Diplomacy September 22, 20:41
Waging war on Korean Peninsula inadmissible, says LavrovRussian Politics & Diplomacy September 22, 20:36
Russian Northern Fleet completes drills in ArcticMilitary & Defense September 22, 18:01
OPEC and non-OPEC countries to continue talks on oil production cut dealBusiness & Economy September 22, 17:28
Russian pair figure skaters Kavaguti, Smirnov retire from sportSport September 22, 16:48
Record number of delegations register for St. Petersburg-hosted IPU AssemblyRussian Politics & Diplomacy September 22, 16:47
BRUSSELS, March 29, /ITAR-TASS/. If Europe opts for alternatives to Russian gas it should be prepared to pay twice as much, as follows from a just-published survey by Bruegel, a research group in Brussels.
At present about 40 percent of the European gas import comes from Russia. The EU pays about 53 billion dollars a year, Bruegel said. The world gas prices as they are, Europe can hope to attract overseas liquefied natural gas only it is prepared for a 100-percent price hike. Also, one should add the extra costs of building LNG terminals.
If Russian gas were to be replaced with a package of energy resources including Norwegian gas, LNG from the United States and Europe-mined coal, the likely price growth would be not so great, but still significant - 50 percent, Bruegel says.
Also, this solution implying the re-activation of Europe’s coal-fuelled power generation would ruin the EU’s ecological ambitions to cut greenhouse gas emissions, for coal is the dirtiest of the fossil fuels.