Europe is speaking about the quickly climbing natural gas prices.
Whereas the authorities had been on the lookout for options to the rising image, Greek Prime Minister Kiryakos Mitsotakis despatched a letter to Ursula von der Leyen, President of the European Union (EU) Fee, asking for measures to be taken to defend shoppers against quickly growing natural gas prices.
FLUCTUATION IN NATURAL GAS PRICES
Drawing consideration to the improve in natural gas prices since December 2021, Mitsotakis emphasised that the prices fluctuated due to the statements made by politicians and the uncertainty attributable to the worries about the Russia-Ukraine Struggle.
“IT IS NOT ABOUT THE QUANTITY, IT IS ABOUT THE PRICE”
In his letter, Mitsotakis acknowledged that the EU’s efforts to cope with this drawback had been inadequate. “The paradox right here is that neither manufacturing capability nor natural gas provide chains have been affected by the present disaster. Meaning we do not have an issue with amount, now we have an issue with prices.” used the expressions.
“TEMPORARY INTERVENTION REQUIRED”
Mitsotakis argued that the drawback could be alleviated in the medium time period by decreasing the EU’s dependence on Russian natural gas. “In the close to time period, I imagine a focused and momentary intervention in the market is critical for the state of affairs to normalize.” mentioned.
“SHOULD NOT TURN INTO A WEAPON AGAINST EU COUNTRIES”
Mitsotakis acknowledged that the measures to be taken ought to give attention to the value of natural gas, not the amount, and argued that this intervention might stop natural gas from turning right into a “weapon” against EU member states.
CALL FOR COOPERATION WITH CHINA
Miçotakis famous that if no quick action is taken concerning natural gas prices, this improve may be mirrored in electrical energy prices. “Ceiling value, each day most value improve restrict, value fixing in case of emergency, revenue margin limitation, growing cooperation with China for liquefied natural gas transportation” proposed plenty of measures, together with
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