9,765.12 TRY BIST 100 BIST 100
4.84 CNY CNY CNY
35.13 USD USD USD
36.48 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.50 TRY Interest Interest
72.45 USD Fossil Oil Fossil Oil
29.03 USD Silver Silver
4.09 USD Copper Copper
100.71 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,600.46 TRY Gold (gr) Gold (gr)

EU seeks alternative to Russian natural gas

European Union (EU) Commissioner for Energy Kadri Simson said that they discussed the possibility of increasing gas supply to Europe with partner countries.

EU seeks alternative to Russian natural gas

After Russian President Vladimir Putin announced that Europe's current energy crisis was caused by problematic policies rather than a lack of supply, and the supply problem was not caused by them, the EU began to look for an alternative to Russian natural gas.

EU Commission Member for Energy Simson made statements to the press about the energy problem at the end of the meeting of the 27 member countries' environment and energy ministers in Amiens, France, the EU term president.

Explaining that global natural gas prices have reached historic highs in recent months and this has had a knock-on effect on energy prices in Europe, Simson said, "Consumers and businesses across the EU are having a hard time paying these bills." he said.

"In the short term, we face unusually high energy prices, exacerbated by geopolitical tensions," Simson said. used the phrase.

Emphasizing that the ministers focused on energy supply security at the meeting, Simson said, "Natural gas storage levels in the EU are significantly lower than normal at this time of year." said.

Pointing out that they discussed the possibility of increasing gas supply to Europe with partner countries, Simson emphasized that they will continue these talks at the Southern Gas Corridor ministerial meeting in Azerbaijan on February 4 and at the EU-US Energy Council on February 7.

Pointing out that Europe should be prepared for risks in energy and strengthen the solidarity among member states, Simson said, "The only permanent solution against fossil fuel dependence and volatile energy prices is to complete the green transformation." made its assessment.

"Energy prices, energy efficiency and hydrogen were at the center of the talks," French Environment Minister Barbara Pompili said. said.

Emphasizing that energy prices have reached a historical peak, Pompili reminded that there were serious fluctuations in prices in energy markets.

Pompili said that energy bills are rising rapidly in Europe and some companies have had to reduce production due to these price increases.

Reminding that some member countries have taken various measures against price increases, Pompili said, "This is not a sustainable solution. We must use existing resources in energy conversion." he said.

Reminding that the increase in electricity prices is due to the natural gas market, Pompili said, "We have to change this structure." used the phrase.

Stating that fossil fuel dependency should be reduced and energy supply security should be increased, Pompili said that the current crisis is an opportunity for the development of energy markets and market reform should be discussed.

In Europe, which imports 90 percent of its natural gas needs, the prices of this product increased by about 6 times last year.

Europe gets half of its natural gas from Russia and the rest largely from Norway and Algeria.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Hasçelik becomes the leader in cold bar exports in 2023

Sunday, December 22, 2024

Brazil's coal imports at record high due to drought

Friday, December 20, 2024

Mapa-Limak-CRRC partnership wins Dubai Metro Blue Line Tender

Thursday, December 19, 2024

The Moselle River accident and its effects: logistics, trade and scrap markets shaken

Wednesday, December 18, 2024

Some hope for the Yemen iron and steel market

Wednesday, December 11, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now