EXPERT POINT OF VIEW — European energy pressures, exacerbated by Russia’s invasion of Ukraine, have forced a reset in energy production and supply. “I don’t believe there was ever a time – including the 1970s – when so many consuming nations worked so furiously to identify new producers,” said Norm Roule, crypto brief expert and expert. in energy. A new era of energy crisis and diplomacy. “And they should. Global demand for oil and gas is expected to rise in 2023, and there are real concerns about a further spike in prices. »
Fatih Birol, the executive director of the International Energy Agency (IEA), said recently that he believed circumstances had caused the world to ‘the world’s first real energy crisis.’ Birol said increased LNG imports into Europe and a potential increase in Chinese energy demand will tighten global markets in 2023 with limited amounts of new LNG capacity coming to market.
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