Economist Fatih Birol, who heads the International Energy Agency, pointed out three main factors, due to which Russia will not be able to win the energy war with the West.
This was reported in “Bild”.
First, Birol estimates that before the war 75% of Russian gas exports and 55% of Russian oil exports went to European countries.
The EU used to be the largest buyer of Russian energy resources, but that is no longer the case.
Supply gas and oil to Asian countries, Russia it will have to take decades to build new pipelines.
Furthermore, Russia will not be able to divert supplies of gas and oil even by sea. For example, a tanker with energy resources travels from Russia to Europe in about five days, and to Asia in 65-75 days.
The third reason is that Russian energy giants will need many of the latest technologies to develop geologically complex oil and gas fields.
The fact that most Western technology companies have left the Russian market, it will make it difficult not only to increasebut also the maintenance of previous production levels.
We remind you that the EU has imposed embargo on oil imports from the Russian Federationas alone Bulgaria, Hungary and Slovakia are exceptions to these rules. The ban comes into effect from December this year.
