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Unformatted text preview: Russia for 44% of its natural gas (30% Algeria, 25% Norway); *By 2030, over 60% of EU gas imports are expected to come from Russia with overall external dependency expected to reach 80%. Bottom line is simple; Europe depends heavily upon Russian Oil and Gas and this dependency is increasing. Another point is that while Oil can be imported via ship if needed, natural gas cannot. It must be delivered via pipeline. GRI Newsletter, January 2009 Roger K. Young 2009 all rights reserved...
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This note was uploaded on 11/17/2010 for the course BCS 213 taught by Professor Mcgovern during the Spring '10 term at Bergen Community College.
- Spring '10