The EU sanctions will not stop Turkey, and it will continue to carry out exploration work in the Eastern Mediterranean.
Sefcovic said that some coal-reliant countries such as Poland could benefit from importing LNG which is 50 percent less carbon intensive than coal.
Longer term, the biggest challenge for the EU will be to accommodate the disruptions that are or will be occurring as a result of the digital revolution.
Four years on, key projects are being implemented on time
Other News 11:41
French carmaker Renault (RENA.PA) posted a 6.7% decline in first-half vehicle sales amid a global auto slowdown, but said a forthcoming product offensive would begin to help soften the blow in key markets
Other News 11:08
German conservative Manfred Weber urged EU lawmakers to back Ursula von der Leyen as the next head of the European Commission in a knife-edge vote on Tuesday, warning that a rejection would create political instability in Europe
Other News 09:50
Oil prices were steady on Tuesday after falling in the previous session as output in the U.S. Gulf of Mexico resumed after Hurricane Barry swept through over the weekend and as U.S. shale production is expected to rise to a record