Home » American expert: Two countries are able to provide natural gas to Europe

American expert: Two countries are able to provide natural gas to Europe

by archyde

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Yergin added, during the program "from Washington" that Europe She is racing against time to fill her closets today Gas and get ready for winterAmid the high prices, he explained that Norway may be one of the largest suppliers to Europe in the coming period, which increased its gas production by about 10 percent.

He stressed that the United States is also a very important source for liquefied gas As for Europe, last year the trend was towards Asia, but today America will move towards Europe in larger quantities, considering that American gas is a mainstay of European security.

He continued: "There has been little investment in oil and gas The past years, and this crisis that we are witnessing now did not start last February, but rather a year ago due to the lack of investments, noting the need to invest more in these areas, as the world gets 80 percent of its energy from gas, oil and coal, and this will not change overnight. It requires the search for renewable energy resources.

This comes at a time when Russia has canceled a deadline for the resumption of gas flow through the pipeline Nord Stream 1which exacerbated Europe’s problems in securing fuel for the coming winter.

She said GazpromOn Friday, it said it would not be able to safely resume pumping oil to Europe until an oil leak found in a vital turbine was repaired. It did not mention a new time frame.

In punitive measures against Russia for its military operations in Ukraine, the European Union is expected to ban imports of crude oil from Russia in early December and refined products two months later.

The Group of Seven officially agreed on Friday to impose a ceiling on the price of Russian oil in order to reduce revenues for Moscow while maintaining the flow of oil to global markets.

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Yergin added, during the “From Washington” program, that Europe She is racing against time to fill her closets today Gas and get ready for winterAmid the high prices, he explained that Norway may be one of the largest suppliers to Europe in the coming period, which increased its gas production by about 10 percent.

He stressed that the United States is also a very important source for liquefied gas As for Europe, last year the trend was towards Asia, but today America will move towards Europe in larger quantities, considering that American gas is a mainstay of European security.

He continued, “There has been little investment in oil and gas The past years, and this crisis that we are witnessing now did not start last February, but rather a year ago due to the lack of investments, noting the need to invest more in these areas, as the world gets 80 percent of its energy from gas, oil and coal, and this will not change overnight. It requires the search for renewable energy resources.

This comes at a time when Russia has canceled a deadline for the resumption of gas flow through the pipeline Nord Stream 1which exacerbated Europe’s problems in securing fuel for the coming winter.

She said GazpromOn Friday, it said it would not be able to safely resume pumping oil to Europe until an oil leak found in a vital turbine was repaired. It did not mention a new time frame.

In punitive measures against Russia for its military operations in Ukraine, the European Union is expected to ban imports of crude oil from Russia in early December and refined products two months later.

The Group of Seven officially agreed on Friday to impose a ceiling on the price of Russian oil in order to reduce revenues for Moscow while maintaining the flow of oil to global markets.

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