EU eyes plan to diversify energy but no easy fixes

AMSTERDAM (AP) — The European Union’s executive has proposed a strategy to secure the bloc’s energy supplies — and notably reduce its reliance on Russia — by seeking new supplies from the Caspian Sea, the Mediterranean, and increasing use of transportable Liquefied Natural Gas, or LNG.

The plan EU Energy Commissioner Guenther Oettinger presented Wednesday will be considered by European leaders at a June 26-27 summit, but offers no easy fixes. Europe imports 40 percent of its gas from Russia, and half of that via pipelines that run through Ukraine.

Oettinger said at a press conference in Brussels European countries should also increase renewable energy production and “sustainable production of fossil fuels.”

Europe imports about half of all its energy supplies, but targets producing 20 percent from renewable sources by 2020.