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Europe worried over the politicisation of energy

18
Dec

Europe worried over the politicisation of energy

According to Tass, the Secretary General of Eurogas (the association which represents wholesale, retail and distribution of European gas), Beate Raabe, has said that Europe should still be looking at potential avenues to pursue to diversify its gas supply sources. Furthermore, Rabbe is reported to have said that many projects set to be implemented in Europe over the next few years should not be considered to be secure, particularly considering the current geopolitical climate.

Specifically, Europeans are concerned over the disputes that have arisen over the suspension of the Turkish Stream project by Russia. Nord Stream 2 has also faced geopolitical tensions, most recently when several Central and Eastern European countries made a complaint to the European Commission over the new Nord Stream pipeline and its implications for the economies of the effected countries. Raabe said that the politicisation of the oil and gas sector has put Europe in a difficult situation, particularly if it is to continue to rely so heavily on foreign energy supplies.

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