Soaring energy bills have been a headache for many in Europe in the year 2022, from businesses to households, from workers to pensioners. While numerous Europeans are shivering because of an energy crisis, who is being enriched?
Because of Russia’s involvement in the war in Ukraine, Europe felt compelled to prohibit Russian energy supply. The EU increased pressure this week and set a gas price restriction. This price restriction would prevent Russia from taking advantage of Europe’s reliance on Russian energy. Was able to avert a energy crisis?
It was a contentious decision that could impair supply security and disrupt the market. The EU countries are making difficult decisions in the meantime to try and reduce the expenses, which are increasing inflation and raising prices for consumers and companies. A new facility for liquefied natural gas is opening in Germany. an important source of this gas? Germany has accused Qatar for violating its citizens’ human rights.
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No country on the continent has had it easy during Europe’s energy crisis.
Europe as a whole has not been able to escape the grip of the energy crisis. Europe no longer has access to Russian gas. EU sanctions prevent the import of Russian oil. Naturally, the European Union has had to hunt for alternative suppliers, including the United States, Qatar, Azerbaijan, and others. But there’s a problem. Europe has used every resource in its arsenal to be tough with nations from which it imports energy.