link : Qatar And Saudi Arabia Say 'Worst Yet To Come' For Europe Energy Shortages
Qatar And Saudi Arabia Say 'Worst Yet To Come' For Europe Energy Shortages
After Russia's invasion of Ukraine sparked an energy supply crisis, Europe dodged serious problems this past winter largely because of milder-than-expected temperatures but major supplier Qatar warns the same is unlikely to happen again © Ina FASSBENDER / AFP
France 24: 'Worst yet to come' for Europe energy shortages: Qatar minister
Qatar's energy minister warned on Tuesday the "worst is yet to come" for Europe's oil and gas shortages, saying a warm winter had prevented greater difficulties in recent months.
Saad al-Kaabi and his Saudi counterpart Prince Abdulaziz bin Salman said a lack of investment in oil and gas, as the world tries to transition to cleaner fuels to prevent global warming, risked causing an energy crunch.
"The only thing that saved humanity and Europe this year was a warm winter, and the slowdown in the economy," Qatari Energy Minister Saad Al-Kaabi told the Qatar Economic Forum.
"If the economy starts churning back up in (2024) and you have just a regular winter, I think the worst is yet to come."
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Update: Qatar Energy Minister says 'only a warm winter can save Europe this year' (Middle East Monitor)
WNU Editor: I am sure that if it is a very cold winter the EU will find a way to buy energy on the open markets. But it is going to be astronomically expensive.
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