RWE deal to go through
There is increasing worry over Russian influence on European energy supplies. The UK’s Department of Energy and Climate Change has stated that it will not approve the sale of 12 North Sea oil- and gasfields, which comprise nearly 20 percent of the deal, as they may conflict with sanctions imposed on Russian business interests and lead to future production shutdowns.
“The secretary of state has raised concerns with the respective companies about the effect that possible future sanctions imposed on LetterOne may have on the continued operation of these 12 fields and the serious health and safety and environmental risks that may result,” the Wall Street Journal quoted UK Energy Secretary Ed Davey as saying.
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