EU Referendum: British Independence poses no risk to gas supplies from Russia

British Independence Referendum EU and UK flagsAlan Richards, Head of Risk Management and Research at Utilyx, responds to misleading speculation that leaving the EU would increase the risk of gas supplies being “hijacked” by Russia. He comments:

“Russia has been supplying western Europe with gas since the late 1960s and not once has supply been deliberately interrupted, even during the Soviet era when relations were considerably worse.

 While there have been disputes with transit countries more, Russia has built new pipelines, at huge expense, to bypass them. Russia receives an enormous amount revenue from gas sales to western Europe and given the fragile state of their economy and difficulty in finding new buyers in Asia, it is much less likely to start employing such tactics now.”

See also Scottish Energy News  Policy Platform

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