Russia’s energy giant, Gazprom, says the risks persist due to the financial difficulties in Ukraine and its inability to buy the necessary volume of Russian gas in November and December last year. It says the considerably reduced reserves in underground storage facilities could risk transit. Gazprom chief Alexei Miller issued the statement after meeting with the new European Commissioner for Energy Union, Maros Sef-covich on Wednesday. Miller, however, said the Russian company is currently working on a development strategy with a view to EU plans for Energy Union. The EU as a whole depends on Russia for 25 percent of its gas needs.
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