HomeMediaLatest NewsEurope is moving away from fossil fuels, after being dependent on Russia for decades

Europe is moving away from fossil fuels, after being dependent on Russia for decades

Salikhov Marcel R. President, Principal Director on Economic Studies, Head of the Economic Department

Marcel Salikhov, President of the Institute for Energy and Finance Foundation, gave an interview to NPR radio (USA) about the situation on the EU gas market.

Natural gas prices in Europe are coming down after Russia started supplying more this week. That is welcome relief for Europeans after a year that has seen prices double or at times even triple as Russia slowed down gas deliveries. Amid the market turmoil, some analysts see evidence that Europe has become too dependent on Russia, its biggest gas provider.

Marcel Salikhov, of the Institute for Energy and Finance in Moscow, says against this backdrop, Europe's own gas woes haven't been helped by a raft of Western sanctions levied against Russia in recent years.

MARCEL SALIKHOV: If you are friends, if you are in good relations, you can ask for help. But if you are kind of on a formal relations - like Gazprom says, we have obligations. We have contracts. We don't have obligations to supply more. Sorry, guys.

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