Building The EastMed Pipeline Would Help Free Europe From Russian Energy

In recent days, the invasion of Russia has been at the forefront of international discussion. Despite the numerous losses, civilian deaths, displacement of people, and Putin’s aggression, the difficulty of demand and supply in the oil business remains one of the critical endpoints of the invasion. The invasion of Ukraine by the Kremlin has had a knock-on effect on energy prices worldwide. In the last week of February, oil prices surpassed $100 per barrel for the first time since 2014. These repercussions were expected, given Europe’s reliance on Russian natural gas.

 
The world — Europe in particular — needs a solution to their reliance on Russian oil. To counterbalance this, western nations must increase their natural gas investments, mainly through the construction of the Eastern Mediterranean pipeline.

 
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Πηγή: realclearenergy.org