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G8
leaders to discuss energy security in Russia
AFP
MOSCOW
Petroleumworld.com
04 25 06
Leaders of G8 member countries are to make a commitment to energy security
at a meeting in Russia in July, the deputy prime minister of Russia
said on Monday, Russian news agency Interfax reported.
"We hope to agree upon an energy security policy that will guarantee
supplies of all possible kinds of energy resources at affordable prices
and with minimal environmental damage," Deputy Prime Minister Dmitry
Medvedev said on the sidelines of the Hanover international industrial
fair in Germany, Interfax reported.
The statement will formulate common goals and offer a concrete mechanism
for achieving them, he said.
"Attention will primarily be paid to ensuring the transparency
and predictability of international energy markets, developing energy-saving
technologies and energy efficiency programs in all areas of the global
economy," he said.
He added that bolstering the security of the world's energy infrastructure,
diversifying energy supplies, and broadening the application of alternative
energy resources would also be contained in the document.
Russia, which is hosting the Group of Eight summit in Saint Petersburg,
has been at the heart of concerns about energy security in recent months.
State-controlled gas giant Gazprom cut gas deliveries to Ukraine in
January amid a dispute about pricing. The decision to cut supplies to
Ukraine had knock-on effects in western Europe, where gas deliveries
to a number of countries also fell.
Moreover, Gazprom made a veiled threat to the European Commission last
week, warning the EU against "politicizing" gas supply issues
and threatening to sell fuel elsewhere if its commercial ambitions in
the European market were unfairly restricted.
The Group of Eight forum is to group the leaders of the eight richest
countries, namely Britain, Canada, France, Germany, Italy, Japan, Russia
and the United States.
AFP 04 24 06 1938 GMT
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