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9/5/08

EU told to unite on energy supplies

International Herald Tribune

"EU told to unite on energy supplies

BRUSSELS, Belgium: The International Energy Agency on Thursday warned EU nations to overcome divisions to secure their future energy supply — now heavily reliant on Russia — and reduce costs for customers.

The EU buys 30 percent of the oil it imports from Russia and another 45 percent from the Organization of Petroleum Exporting Countries. About 40 percent of the EU's imported natural gas comes from Russia and that is forecast to rise to 60 percent by 2030."

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