However, tensions are increasing over Russias apparent troop deployment in Crimea. The Russian government has denied any deployment. The EU has threatened possible action against Russia. There is a concern that the country could suspend gas shipments to Europe.
Simon Pirani does not believe that is likely.
Gazproms a commercial company, it has to make money, and it wants to deliver its gas to its customers in Europe.
Observers say the current tensions will likely make Europe increase efforts to find other energy supplies and cut its dependence on Russia.
Im Christopher Cruise.
Hong Kong Researchers Seek Government Support to Develop Biofuel from Algae
A team of scientists in Hong Kong is testing micro algae to clean water waste and produce fuel. Rebecca Valli in Hong Kong has been following the story. Karen Leggett has her report.
Hong Kong researchers are asking the government to support development of biofuel from algae. The idea is to protect the young industry from foreign competition.
Ho Kin-Chung is an environmental scientist from the Open University of Hong Kong. He has been studying ways to create energy from algae. He says the process is simple. It uses some of the main, or intrinsic, qualities of the plant.
Some of the algae, they contain a very high quantity of oil.
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