Magrigor said at the annual conference of the future investment initiative in the Saudi capital, Riyadh, that the situation this winter will be “very comfortable” actually regarding gas.
She continued by saying that the corporation took securing supplies in Europe very seriously, even before the conflict in Ukraine broke out.
The “Nord Stream 1” gas line’s closure at the end of last August triggered a crisis in the usage of natural gas for electricity generation, and as a result, European nations are currently experiencing an energy crisis.
Numerous solutions to the energy crisis have been put forward, including capping the price of gas imported from other nations and cutting consumption by 15% in the European Union in time for winter.
A few days ago, Spanish Prime Minister Pedro Sanchez declared that Spain, France, and Portugal had revived a project that Paris had long resisted by building an energy pipeline on Thursday connecting the Iberian Peninsula to the rest of Europe.
The new project, which Sanchez called the “Green Energy Corridor”, replaces a former project called “Medikat” that had appeared about a decade ago, but was abandoned in 2019 due to organizational and financing issues..
French “Engy”: This year’s gas supply will guarantee a cosy winter.
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