US plays down Russia gas threat

Russian gas giant Gazprom's recently built Adler thermal power plant in the Russian Black Sea resort of Sochi, on November 30, 2013The White House on Friday played down the risk posed to the European economy by Russia’s threat to cut off gas supplies to Ukraine, insisting the region has adequate stocks. “There is no indication currently that there’s much risk of a natural gas shortage in the region,” President Barack Obama’s spokesman Josh Earnest told reporters from aboard Air Force One. Russia is Europe’s biggest single energy supplier and its natural gas pipelines mainly run through Ukraine, where some is used and some passes through to major western economies such as Germany.

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