Putin puts energy security at heart of G8 presidency

Putin will host U.S. President George W. Bush and other G8 leaders at a summit in his home town of St. Petersburg in July to crown Russia’s first stint chairing the rich nations’ group. Keen to underline Russia’s role as an energy superpower, Putin said in an article published on Wednesday that he wanted energy security to take centre stage at the meeting. “Instability in hydrocarbon markets poses today a real threat to global energy supply,” Putin said in a 1,700-word article in the Izvestia newspaper.

“The gap between supply and demand is widening.”

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