Russia ready to meet Europe's gas demand, boost supplies

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Russia can increase natural gas supplies to Europe if demand rises due to the recent events in North Africa, Energy Minister Sergei Shmatko said on Thursday.

Russia can increase natural gas supplies to Europe if demand rises due to the recent events in North Africa, Energy Minister Sergei Shmatko said on Thursday.

"If there is demand, we are ready to significantly expand gas supplies to Europe," he said.

Despite the difficult situation on the global energy market, there are no risks of energy shortages in Europe, he added.

Shmatko also said he does not anticipate a significant reduction or termination of oil supplies "in connection with the events in Libya."

OPEC countries have sufficient capacity to meet a possible shortage, the minister said.

A wave of unrest, which has already toppled authoritarian regimes in Tunisia and Egypt, is sweeping through the Muslim world, stoking mass popular uprisings in Libya, Bahrain and Yemen.

BRUSSELS, February 24 (RIA Novosti) 

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