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    IBTimes: UK Pushing G7 for Shale Gas and Nuclear Focus to Loosen Russia Energy Grip

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Summary

The UK will push G7 to consider ways to reduce reliance on Russian oil and gas to prevent the country wielding its vast energy supplies for political ends.

by: Sruthi

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Press Notes

IBTimes: UK Pushing G7 for Shale Gas and Nuclear Focus to Loosen Russia Energy Grip

The British government is going to use the G7 meeting in May to urge ministers to focus on diversifying domestic energy networks, such as through shale gas and nuclear power, to pry away Russia's grip on supplies.

UK energy Secretary Ed Davey said that Whitehall will tell G7 ministers that Russia's consistent use of energy as a geo-political tool holds too many countries to ransom and by ploughing time and money into domestic resources, this will loosen the superpower's stranglehold over supplies.

"It can't be right for Russia to hold individual countries to ransom," said Davey in a Times newspaper report. "There have been at least two, if not three, occasions in recent times when Russia has sought to use its energy superpower status in quite an aggressive manner. [The G7 meeting] is a real opportunity to show Russia we mean business by improving our energy security and resilience.

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