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Russia Sees ‘Too Much’ EU Energy Diversification

Russian Energy Minister Sergei Shmatko said the European Union is pursuing “too much” a policy of energy-source diversification and assured his country can provide “good and economically viable” supplies.

The EU relies on Moscow-based OAO Gazprom for about a quarter of its natural gas, about 80 percent of which is shipped via Ukraine. The 27-nation bloc is seeking additional sources after price disputes between Russia and its neighbor disrupted fuel supplies to the EU twice since 2006.