Russia better prepared for West’s sanctions that West to gas supplies cuts — Borrell

World February 06, 2022, 22:41

The European Union will discuss with the United States ways to reduce its dependence on Russian gas and possible supplies of US liquefied natural gas to Europe, EU foreign policy chief said

BRUSSELS, February 6. /TASS/. Russia has done more to enhance its resilience against the Western sanctions than the European Union has done to boost its capacity to cope with possible gas supplies cuts, EU foreign policy chief Josep Borrell said on Sunday.

"In recent years, Russia has enhanced its resilience against economic sanctions, by increasing its foreign currency reserves, more than we have done to enhance our capacity to face potential gas supply cuts. We should urgently consider developing EU strategic gas reserves and the possibility of joint gas purchasing, as the [European] Commission has suggested," he wrote on his personal blog.

The European Union will discuss with the United States ways to reduce its dependence on Russian gas and possible supplies of US liquefied natural gas to Europe,Borrell said ahead of his visit to the United States to attend a US-EU Energy Council meeting.

"The US already is Europe’s largest Liquefied Natural Gas (LNG) supplier, and we are intensifying our cooperation to ensure that our gas supplies are safe throughout the months to come," he wrote.

Apart from that, in his words, the European Union is in talks with Norway, Qatar, Azerbaijan, Algeria and others "to expand LNG supplies.".

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