Sample Page Title

Latvian President Egils LevitsMOSCOW, Mar 25 Latvia should not overestimate its dependence on supplies energy sources from Russia, since Russian oil, electricity and gas can be replaced by imports from other countries, including the United States, Latvian President Egils Levits said on Friday. “As for Latvia, we should not overestimate our dependence on Russian energy. oil is imported from Russia and we will buy it in other markets, other countries.For electricity, 7% comes from Russia, and this can also be replaced.For natural gas, most imports are from Russia, but it is also possible to replace LNG (liquefied natural gas)… The US has just proposed increasing LNG exports to Europe,» Levits told the Washington Post. Ministry of Foreign Affairs warned about consequences of abandoning Russian gas and oilEarlier, Prime Minister of Latvia Krisjanis Karins noted that currently 40% of the total energy consumption in Latvia is produced from renewable resources, 36% from natural gas, 90% of which comes from Russia. According to Karins, in order to reduce energy dependence on Russia, Latvia should consider switching to nuclear energy. Earlier, Russian Deputy Prime Minister Alexander Novak said that even just discussing Europe's refusal of Russian oil is negative for the market, he immediately reacts to this. According to him, without Russian oil and gas, the world will collapse, and prices will be unpredictable.