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Russia-Ukraine: Could Africa be a gas source that Europe depends on?

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发表于 7 天前 | 显示全部楼层 |阅读模式

Russia's suspension of natural gas to Poland and Bulgaria after both manybills, how many baht, you canSLOTwithdraw any amount, no minimum, no limit on allrounds per day. Convenient and easy like this. Only available on the webSingapore gambling website wins slotxo online game with a combo of a milliononly!!countries refused to pay gas payments in rubles. Russian currency It underscores how much risk Europe is now.

Russia has the largest reserves of natural gas and is also the world's largest exporter. And Europe's dependence on Russian gas is as much as 40 percent. However, the EU aims to cut Russian gas imports by two-thirds by the end of the year. and will be restructuring so the region will be completely dependent on fossil fuels by 2030.

However, energy economist Carole Nacle said that as total exports from major African players such as Algeria, Egypt and Nigeria account for less than half of Russia's gas supply to Europe, the country's exports to Europe are less than half. It would be difficult for gas from Africa "at this time to be able to replace the missing part from Russia".

“The good news is that there will be more countries that already have natural gas interested in replacing Russia. And Africa is in a good spot. We will see increased investment,” she said.

However, this will still take time as many exporting countries still face transport problems.

Algeria is in a position to benefit from the EU's energy policy shift. The North African country is the region's largest natural gas exporter and benefits from its existing gas-to-Europe pipeline infrastructure.

last month Italy signs new natural gas cooperation with Algeria It hopes to increase imports by around 40%. This is Italy's first large-scale new fuel supply contract after the Russian invasion of Ukraine.

However, Uva Osadieye, senior vice president of capital research at FBNQuest Merchant Bank, is also concerned about Algeria's ability to export. Because now the demand for gas in the country has increased. Investment in the production system is not enough. and there is still a problem of political instability

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