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1/8/09

WSJ: Europe Looks to Alternative Sources for Energy

For the complete report from the WSJ.com click on this link

Europe Looks to Alternative Sources for Energy

As Europe counts the cost of Russia's latest gas shut-off, there are signs it could give a boost to alternative sources of gas that currently play a minor role in the Continent's energy balance. Russia's OAO Gazprom closed off all deliveries of gas to Europe via Ukraine on Wednesday, wreaking havoc on the economies of southeastern Europe and affecting gas supplies as far west as France and Germany. Thousands of households in Bulgaria were left without central heating, and industrial plants across the region were forced to reduce gas consumption, with some shuttering completely.

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