European energy policy 'being watched' by Russia

23 Nov 2010
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European energy policy 'being watched' by Russia

Russia is keeping a close eye on European energy policy as it considers whether or not it is worthwhile making major investments in renewable energy in the country.

Russian energy minister Sergei Shmatko stated yesterday (November 22nd 2010) that gas could yet play a large role in the future of energy all over the continent.

"We've been closely watching the rigor with which Europe has been supporting renewables," Mr Shmatko told reporters, according to a report by Reuters.

He added that gas can act as a complement to renewable energy developments such as solar power plants and wind energy farms.

Mr Shmatko also added that European energy policy could hit a stumbling block over the next few years because investors in infrastructure are not pleased with demands to liberalise energy markets.

This comes shortly after the European Renewable Energy Council voiced its criticism of the European Commission's Energy 2020 document, which it said lacks leadership with regard to renewable energy developments. 

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