Nothing but negotiation

The Gap Partnership

Energy negotiations between EU and Russia 'at critical stage'

Russia and the EU Commission are struggling to come to an agreement over energy.

25 October 2011

Russia is continuing to negotiate with the EU Commission as it looks to agree a way forward for energy cooperation.

Russian energy minister Sergei Shmatko - who has been in office since 2008 - noted the country has chosen to "work towards a diversification of our activities", Murmansk and Shtokman News reports.

Sales negotiations over reaching an agreement are at a crucial stage, with Mr Shmatko saying his nation is "calm" about the fact talks have yet to yield a solution.

He continued by saying that Europe is a "particularly important market" and he is still hopeful a solution that is "mutually beneficial" can be found.

Mr Shmatko stated providers are on the lookout for new business partners in the east as they try to improve the current transport infrastructure.

With talks seemingly reaching a deadlock, negotiation skill may be required by both parties in order to reach a compromise.

Posted by Ken Hayes

Source: Murmansk and Shtokman News, October 24th

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