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Demidov: Europe is on the verge of a deep energy crisis without Russian gas

If Russia continues to send the minimum amount of fuel to European countries, then Europe will face a deep energy and industrial crisis. This was stated by an analyst, an international expert on the resource and energy market Vladimir Demidovcommenting Pravda.Ru Russia’s chances to become a key gas supplier to the EU again.

To return leadership in fuel supplies, it is necessary to fully resume the operation of the Yamal-Europe gas pipeline, which is under sanctions, the expert pointed out.

“As long as there is a conflict, as long as there are sanctions, this is unlikely,” Demidov said.

According to the analyst, Europe will not be able to find cheaper gas than Russian.

Former Bloomberg Columnist Javier Blas said that energy crisis in Europe can return to Russia the status of a leader-exporter of natural gas.

“No matter how European leaders vow that after the end of the Ukrainian crisis they will not return to the usual order of things, the inevitable geographical and market realities can convince even the most determined politicians,” he stressed.

Author Maria Kareva

Maria Kareva is a journalist, correspondent for the news service Pravda.Ru

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