That Russia will continue to be the most important player on the European energy market, said in the framework of the summit of “big twenty” Executive Director of International energy Agency Fatih Birol.
ANTALYA, 15 Nov. Russia will remain the most important player on the European energy market, said the Executive Director of the International energy Agency (IEA) Fatih Birol at a press conference in the framework of the summit of “big twenty”.
“Russia will continue to be a key player for the European energy market”, — he said.
The European Union, which includes 28 European countries, is implementing a project of the Energy Union, which has among its objectives the reduction of dependence on energy resources of Russia.
As previously reported, Birol noted that investments in the oil industry in the world for the first time in 30 years will decline for two consecutive years: in 2015, the drop will be more than 20% and will continue next year. As noted by the representative of IEA, the middle East will remain the key for the oil market in future decades. If oil prices remain very low, the production of oil in North America, Brazil, Africa and Russia can be reduced, and therefore the share of oil exports from the Middle East will increase from 55% of global oil exports by up to 75%.
