The dependence of European Union (EU) countries on Russian gas is giving European politicians and central banks a serious headache. About Writer business inside.
“While moving away from Russian oil is difficult, Europe’s dependence on Russian gas is giving politicians and central banks a much bigger headache. At the same time, proposals have already been voiced in the EU to reduce the demand for Russian imports by two-thirds by the end of 2022, ”the statement said.
According to Dragonfly president David Claridge, Europe’s plan to abandon Russian energy sources could only lead to higher prices for them. At the same time, the EU has already invested billions of dollars in new pipeline projects to maintain the balance of supply and demand. However, finding alternative sources of supply may require large investments.
The article pointed out that Europe is relying on gas from Africa in the future. However, this region does not have the necessary infrastructure for intercontinental transportation. Therefore, European countries still have not found a concrete solution and are forced to support the transition to clean and renewable energy sources.
Earlier on Wednesday, Andrey Konoplyanik, member of the RAS Scientific Council for Systems Research in the Energy Industry, Advisor to the General Manager of Gazprom Export LLC declarationHe said the US’s liquefied natural gas (LNG) export strategy in Europe aims to achieve two main goals. This is the removal of Russian energy resources from Europe and the weakening of European competitiveness by increasing the cost of energy resources.
Source: Gazeta
Barbara Dickson is a seasoned writer for “Social Bites”. She keeps readers informed on the latest news and trends, providing in-depth coverage and analysis on a variety of topics.