Monday, October 30, 2006

Gas Warning

Via the FT:
Matthew Bryza, the US deputy assistant secretary of state for the Caucasus and southern Europe, indicated that the €5bn (£3.4bn) Baltic Sea pipeline would deepen Europe’s dependence on Russian gas.

“That project simply raises the question what diversification means when it comes to gas supply,” Mr Bryza said. “If you live in Germany you do not want to go through what happened last winter with Ukraine [when Russia shut off the supply of gas]… I wonder as a US official how much diversification anybody can develop by having more pipelines into the same supplier.”
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