Programme

Energy for Europe: A Reliable Relationship

RUSSIAN ECONOMIC AGENDA
Congress Centre, Business Breakfast Hall 1

With Europe’s domestic gas production projected to decline rapidly in the next 20 years, one thing is very clear as regards the supply of natural gas to Europe: there is an urgent need to connect new gas reserves to Europe. Without sufficient supplies of natural gas, the EU cannot simultaneously pursue its three key energy objectives: secure, sustainable and affordable energy. Based on the EU’s own reference scenario, Europe will need to address a future import gap of around 120bcm. LNG and Russian gas are the only substantial supplies on which Europe can count for its long-term gas supply needs. Russian gas reserves are big enough to meet this import requirement in the coming years, and are ready to be connected to European consumers. Europe and Russia have a long standing and mutually beneficial energy relationship. What is the strategic advantage of Russian gas for Europe? How will Russian gas and LNG compete to ensure security of supply? Why does Europe need additional pipeline capacities to transport gas from Russia’s vast gas fields? How does Nord Stream 2 fit with the EU’s energy strategy?

Moderator:
Oksana Derevyanko-Ghozzi , Head of Business Programmes, Russia Today

Key moments

Whenever we talk about the reliability, about security of supply we should not forget there is only one single country, one single supplier able to deliver us any quantity with any flexibility of gas that we need in Europe and that is Russia.
Mario Mehren
Chief Executive Officer, Wintershall Holding GmbH
Russia is the big bone of the European energy supply. It always was for more than 40, almost 50 years now.
Mario Mehren
Chief Executive Officer, Wintershall Holding GmbH
Those who, in political corridors, announce that they don’t need Russia, are playing with fire and we don’t know the outcome of this game.
Gerhard Schröder
Chairman of the Shareholders’ Committee, Nord Stream AG
Natural gas is an important partner for changeable renewable energy sources such as wind and solar power.
Gerhard Schröder
Chairman of the Shareholders’ Committee, Nord Stream AG
Natural gas from Russia in terms of economy and ecology remains the invariably reasonable option for European gas supply. There is hardly any other reasonable option. We should discuss this amongst ourselves within the EU.
Gerhard Schröder
Chairman of the Shareholders’ Committee, Nord Stream AG
Nord Stream 2 is recognition that energy cooperation between Russia and Europe may be successfully continued and built on a new foundation. This project will diversify the existing supply chain through direct connection to the largest gas reserves in the world. This is a strategic advantage for Europe.
Gerhard Schröder
Chairman of the Shareholders’ Committee, Nord Stream AG
Nord Stream 2 will be an important part in the supply of natural gas to Europe for the coming decades.
Gerhard Schröder
Chairman of the Shareholders’ Committee, Nord Stream AG