Russia ready to increase fuel supplies to Europe, Asia

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Russia ready to increase fuel supplies to Europe, Asia - Putin

RIA Novosti, PUBLISHED April 27, 2011

Russia is ready to increase its oil and gas supplies to Asian and European markets to make up for growing demand, Russian Prime Minister Vladimir Putin said.

"We treat the situation on the global energy market with full responsibility and are ready to increase supplies to both Asia-Pacific and Europe," the Russian premier told a news conference in Denmark.

Putin said the nuclear disaster at the Fukushima Daiichi nuclear power plant undermined trust in nuclear power generation worldwide, leading to increased demand of oil and gas.

"After the disaster in Japan it became clear that nuclear power will not develop there... which means that the demand for hydrocarbons, first of all, natural gas... will grow," Putin said.

"But in Europe, as we know, nuclear power generation also declines, and events in the Middle East do not improve the situation," Putin added.

Topics: Russia, Europe, Asia

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