European countries will 'fight each other' over gas
(Baonghean.vn) - The competition between European countries for gas could lead to energy shortages this winter - CNN wrote and at the same time predicted that there would be a "fight" over green fuel.
Europeans have begun to scramble to buy liquefied natural gas (LNG), destabilizing the entire market. However, if EU countries manage to “significantly reduce” their dependence on Russian gas, global demand for the fuel will exceed supply by 26 million tons by the end of this year.
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| Illustration photo. Photo: Getty Images |
“By cutting off Russian gas, Europe has destabilized the entire global LNG market, which entered the new year in a precarious state after a volatile 2021,” said consultancy Rystad Energy.
“All the conditions have arisen that could lead to permanent supply shortages, high prices, strong volatility, and the intensification of gas geopolitical relations,” the newsletter said.
The poorest economies in Asia are likely to face the most serious consequences of the current situation, CNN concluded./.
