11:42 GMT +325 September 2018
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    Russia to do everything possible to ensure stable energy supplies -- Putin

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    GLENEAGLES (Scotland), July 8 (RIA Novosti)-Russian President Vladimir Putin has assured his G8 partners that Russia will do everything possible to ensure stable energy supplies, a source said. A member of the Russian delegation to the summit of the world's most industrialized nations, the G8, said that stable supplies of energy resources had been raised during a discussion focusing on economic development. "The president said that Russia would do everything possible to ensure the stable development of the global economy," the official said.

    According to the source, the president told the other leaders about specific energy supply projects. He said that Russia was currently producing 470 million metric tons of oil, a large portion of which was exported.

    The source said the president had stressed Russia would make every effort to develop transport infrastructure to guarantee that the country's partners received energy resources.

    Putin informed his colleagues in detail about a project to build an "eastern" pipeline to the Pacific Ocean from Siberia. He also told them about plans to construct an oil pipeline from Siberia to the White Sea, which will be used to supply the United States with oil, and the Baltic Pipeline System, which should supply Europe and the U.S. with oil.

    The delegation member said that Putin had told the G8 that Russia planned to increase its supplies of natural gas to 40 billion cubic meters by 2010.

    According to the source, the president also told the other national leaders about new liquefied gas technologies that made deliveries cheaper.

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