The United States and the European Union have announced new co-operation to reduce the continent’s dependence on Russian energy. According to the plan, the United States and other countries will increase liquefied natural gas exports to Europe by 15 billion cubic meters this year. Additional deliveries were agreed.
“If Europe turns out to be from Russian gas, the deficit is 250 billion cubic meters. That 15 billion is a good start, but we have to talk about who will give it, where it will come from, what infrastructure it will come from, how much it will cost us and how. “It will affect the economy of Bulgaria,” economist Mika Zaykova told Tvoyat Den.
She stressed that Russia is the richest gas country in the world, followed by Iran, Qatar and then the United States, which are mostly shale gas.
According to Mika Zaikova, the European gas transmission infrastructure is extremely inexpedient.
“It is clear that these 15 billion cubic meters are not enough, but they will not reach us. First, because there are not enough tankers to carry, and what will come will be to Germany, to Western Europe,” he added.
She also clarified that this gas must be processed in order to be used.
“In any case, the gas flowing through the pipe is much cheaper than the one that needs to be processed, and it also comes across the ocean,” Zaikova added.
Economist Stoyan Panchev shared the arguments for the lack of good infrastructure throughout Europe in terms of gas transmission and added that when a significant part of some supply is excluded, and demand is the same, even rising, prices rise.
“Regardless of the availability or lack of infrastructure for gas to come, its price will certainly be higher. There is no way the price will not rise when Europe is separated from Russian gas,” Panchev stressed.
He noted that this is currently happening with other exchange goods, which are mainly exported by Russia, Ukraine and Belarus.
The expert believes that it is possible to compete for gas supplies among the countries themselves in Europe, as the German Minister of Trade has already made tours in the Middle East to negotiate additional supplies for Germany.
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