Can Russia Really Solve Europe’s Gas Woes on Its Own?
How much additional gas is required to stabilize the European market, and are Russia and other key suppliers able to provide it?
· October 22, 2021
Marcel Salikhov is president of the Institute for Energy and Finance think tank.
How much additional gas is required to stabilize the European market, and are Russia and other key suppliers able to provide it?
Right now, the strength of each country’s negotiating position is determined by its ability to swiftly regulate the supply of oil on the global market. Saudi Arabia has been preparing for this for decades, while Russia has failed to take advance measures that would help, such as the construction of oil storage tanks.