Russian threats redraw global energy map

The Washington Post said that Europe will face hard times if Russia cuts off its natural gas supplies if the ruble is not paid. 

The newspaper pointed out in a report that the next 18 months will be a difficult and painful time for Europe, especially with rising prices as governments struggle to keep their factories operating, provide heating for homes, and maintain power stations. 

The newspaper pointed out that there is not in the near future a sufficient amount of alternatives that will allow to avoid serious economic issues in the coming winter if Russia suspends its supplies of natural gas to Europe.

“This is a very dangerous game that is playing out,” said Edward Chow, an energy security scholar at the Center for Strategic and International Studies who previously worked in the industry for decades. “I don’t know how this is supposed to end. It feels like it is going to end in a very bad place for both Western Europe and Russia.”

“There is only so much [natural gas] to go around,” Chow said. “No one is going to be able to produce more liquefied natural gas quickly no matter what fantasies governments want to spin.”

To read the whole article, click the link down: 

https://www.washingtonpost.com/business/2022/04/30/europe-natural-gas-scramble/

Inas Abdulkareem