The EU is again concerned about its energy prospectsStock market analytics, financial forecasts
 

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The EU is again concerned about its energy prospects


July, 20 2022
watermark Economic news

The European Union intends to prepare for the upcoming winter without relying solely on Russian gas. To do this, the European Commission is even ready to ask the EU countries to reduce the consumption of natural gas.


At the same time, analysts note that different countries in the European region have different degrees of dependence on Russian energy resources. For example, Germany is currently one of the largest importers of Russian gas and oil compared to Spain.


In addition, disputes continue over the resumption of supplies via the Nord Stream-1 gas pipeline on Thursday. This key transit point of Russian gas to Europe was closed for preventive maintenance for 10 days. Some experts are not sure that gas flows will resume at full capacity.


The European Commission has launched a plan to move away from Russian gas after Gazprom announced that it could not fulfill gas contracts with the European bloc. This has become a serious problem for EU countries that are heavily dependent on Russian energy.


Currently, gas storage facilities in Europe remain incomplete, and the authorities of European countries are experiencing strong economic pressure.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.