New Delhi: Minister of Energy of the Russian Federation in an interview with the media said It is highly likely that Europe will not be able to do away without Russian gas even by 2027.
“To this end, they must be confident they will be able to do that by 2027. The situation with spot prices proves that this is not so simple. Europe can hardly rely on anyone except the US, which is scaling up LNG production,” Shulginov said.
“I think the forthcoming winter will show how real their belief in the possibility of rejecting Russian gas is. This will actually lead to a halt in industry, including the chemical one, and gas-fired power generation. This will be an absolutely new life for Europeans. I believe they, most probably, will not manage to abandon, this is too unsustainable for them,” he added.
However, An upcoming winter for the people of Europe could be worst than expected as Russia has closed its key gas pipeline to Europe indefinitely.
Amid rising tension over gas, Europe-based political experts are saying that Production in the European countries may reduce hazardously and The gas price in the European countries, demand for gas, and trouble for the Europeans are expected to surge at an extreme level. The upcoming winter for the European people will be extremely hazardous as Russia strategically punishes all European countries for supporting Ukraine.
(Vinayak)