Energy prices in Britain will rise unless urgent action is taken to prevent Russia holding countries to ransom by cutting off gas supplies, a minister has warned.
Energy Secretary Ed Davey warned aggression from Russian President Vladimir Putin could quickly force up costs for families in the UK.
Energy security will be high on the agenda of a meeting of the G7 meeting in Rome early next month.
A quarter of Europe’s gas comes from Russia, half of which passes through Ukraine which has been the focus of mounting tensions after the Crimea region was annexed by Moscow.
Last week President Putin insisted it was ‘impossible’ for Europe to stop buying gas from Russia. In Britain there is growing concern about the impact of moves by Russia to use gas supplies to increase its stranglehold on the region.
Ministers from Britain will join counterparts from Canada, France, Germany, Italy, Japan and the US to draw up a plan to speed up alternative energy supplies.
Source: Daily Mail
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