Europeans predicted a «fight» for gas

A worker at a compressor station. Archival photoMOSCOW, 1 Jun. The pursuit of European countries for gas may lead to a shortage of energy resources next winter, writes CNN, predicting a «fight» for blue fuel. Europeans, the publication notes, began to race to buy LNG, destabilizing the entire market. However, if the EU countries manage to «drastically reduce» dependence on Russian gas, global demand for raw materials by the end of this year will exceed supply by 26 million tons. «By abandoning Russian gas, Europe destabilized the entire global LNG market, which entered the new year in an unstable state equilibrium after a turbulent 2021,” reads a research note from consulting firm Rystad Energy in an article. the poor Asian economies are likely to face serious consequences from the current state of affairs, sums up CNN.Named a «dangerous delusion» of the EU in relation to Russian energy resourcesThe European Commission, after Russia launched a special military operation to demilitarize and denazify Ukraine, developed the REPowerEU plan. It assumes a two-thirds reduction in Russian gas imports, that is, by about 100 billion cubic meters, by the end of the year. According to the International Energy Agency, the EU imported 155 billion cubic meters of blue fuel from Russia in 2021, which is 45 percent of European imports and 40 percent of its total consumption. The head of EU diplomacy, Josep Borrell, believes that the countries that are members of this organization will be able to refuse Russian gas within two years. President Vladimir Putin said that the policy of containing and weakening Russia is a long-term strategy for the West, and sanctions have dealt a serious blow to the entire world economy. According to him, the main goal of the United States and Europe is to worsen the lives of millions of people.Read the full text of the article on the InoSMI website >>