American Marconi Wireless News - 'Worst yet to come' for Europe energy shortages: Qatar minister

ALEX BODI and SCANDIC PAY: Mastercard and VISA Cards – A New Generation of Payments
ALEX BODI și SCANDIC PAY: Cardurile Mastercard și VISA – o nouă generație de plăți
Maswanganyi Clarifies Pirates Allegiance Amidst Career Transition
Search Underway for 'Dooars Rani' Tigress After Second Escape from Buxa Tiger Reserve
Teatro Mayor Unveils 152-Performance 2027 Season Highlighting Beethoven and García Márquez
The Dilemma of Recording Live Music: Preserving Memories vs. Being Present
Rutgers Defeats NJIT 101-64 Behind Francis and Mark Scores
What's It Like When AI Sends an Everyday Shopper's Clothing Order Straight to a Factory That Also Produces for Luxury Brands?
Fast Moving Consumer Goods Launches Exclusive FMCG Mastermind for Founders and CEOS of Emerging Consumer Brands
BioAdaptives Acquisition Target Xycota Biosciences Launches Free PTSD Tactical & Support Hub for Veterans and First Responders Alongside At-Home Psilocybin Research

NYSE - LSE

CMSD	-1.49%	19.785	$
BTI	0.11%	60.89	$
GSK	-1.41%	50.52	$
CMSC	-1.67%	19.75	$
RIO	0.71%	85.145	$
BCC	-0.6%	70	$
RBGPF	0%	75.17	$
BCE	-0.67%	21.495	$
RYCEF	-1.94%	17.56	$
BP	1.38%	45.205	$
RELX	0.56%	40.135	$
VOD	0.8%	15.625	$
AZN	-0.9%	185.1	$
JRI	-1.07%	11.705	$
NGG	-0.36%	83.32	$

'Worst yet to come' for Europe energy shortages: Qatar minister / Photo: Ina FASSBENDER - AFP

'Worst yet to come' for Europe energy shortages: Qatar minister

ECONOMY 23.05.2023

Qatar's energy minister warned on Tuesday the "worst is yet to come" for Europe's oil and gas shortages, saying a warm winter had prevented greater difficulties in recent months.

Text size:

"The only thing that saved humanity and Europe this year was a warm winter, and the slowdown in the economy," Qatari Energy Minister Saad Al-Kaabi told the Qatar Economic Forum.

"If the economy starts churning back up in (2024) and you have just a regular winter, I think the worst is yet to come."

After Russia's invasion of Ukraine sparked an energy supply crisis, Europe dodged serious problems this past winter largely because of milder-than-expected temperatures.

But Kaabi and his Saudi counterpart, Prince Abdulaziz bin Salman, both told the conference that an energy crunch was looming.

"If they don't realise that and have a proper plan and sit down with producers and oil and gas companies are not demonised, reality will kick in and we'll have a sensible solution," Kaabi said.

Ch.Kahalev--AMWN

American Marconi Wireless News - 'Worst yet to come' for Europe energy shortages: Qatar minister

'Worst yet to come' for Europe energy shortages: Qatar minister

Featured

ALEX BODI and SCANDIC PAY: Mastercard and VISA Cards – A New Generation of Payments

ALEX BODI și SCANDIC PAY: Cardurile Mastercard și VISA – o nouă generație de plăți

Fast Moving Consumer Goods Launches Exclusive FMCG Mastermind for Founders and CEOS of Emerging Consumer Brands

SMX Advances AI Technology to Bring Greater Precision to Industrial Material Development