Speaking in Westminster today, David Cameron said he “pushed hard” to get the G7 countries (Canada, France, Germany, Italy, Japan, the UK, and the USA) to agree to set out a plan to reduce the continent’s reliance on Russian energy by June.
Cameron said: “This work is long term but vital.
“It requires new gas pipelines, new LNG terminals, more shale gas, more sources outside Russia and greater interconnectivity.”
The Prime Minister also said that the European Council was keen to continue with the “new trend” of re-shoring businesses to the UK and Europe.
He added that the European Council had agreed to help encourage businesses by “cutting red tape, to attract investment, to stimulate innovation, and to pioneer more work on reducing energy costs, including shale gas.”
Cameron added completing the internal energy market within the EU, coupled with more interconnection would also help to reduce energy costs for British and European businesses.