A UAE official warned that more investment is needed in the energy sector for OPEC+ to deliver sufficient supplies
Natural Gas
“I say yes to a unified EU approach, but there are more important things in this world if it starts to harm us massively”
Along with Revythousa they build the "fortress" to replace the Russian gas
Russian oil output started to decline in March and had fallen by around 7.5% by mid-April
The Bulgarian ministry says it has taken steps to find alternatives to gas supplies
Kyriakos Mitsotakis had a telephone conversation with the Bulgarian Prime Minister
Partial "retreat" of Moscow, as the ultimatum it had put on the markets expired tomorrow
Europe cannot just buy alternatives to Russian gas, it must create supply in a way that complies with its climate objectives
For Biden to deliberately undercut European gas alternatives does not further national security but rather, it empowers irredentists in Russia & Turkey
"The situation on world energy markets will lead the EU to pay at least three times as much for oil, gas and electricity"