Russia will be unable to meet future Western demand for its gas unless it ups investment and reforms its energy market, a global body has warned. The comments came from Claude Mandil, head of the International Energy Agency, the energy watchdog for the world’s leading industralised nations. He said Russia needed an independent energy regulator to control the sector. Russia cut gas supplies to the Ukraine in January, which had a knock-on effect on supplies to Western Europe. Full Story
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