Major issues contribute to ambiguity of accomplishing global...| MENAFN.COM

Tuesday, 17 May 2022 08:13 GMT

Major issues contribute to ambiguity of accomplishing global energy shift


(MENAFN) According to the World Energy Council, fluctuating product prices, scattered and uneven economic expansion, as well as unstable geopolitics arising from greater energy interdependence have surfaced as major problems that will contribute to the ambiguity of accomplishing the international energy agenda.

On Thursday, the World Energy Council stated in its yearly World Energy Issues Monitor that hydrocarbon cost fluctuation was the main vital issue across practically all nations in 2021, amplified by 12 times since 2020.

Natural gas costs have reached new peaks, due to scarcities and supply blockages, especially in the United Kingdom and Europe; all of which has been added up to the atmosphere’s instability. Gas markets in Northern Europe and Asia are impacted as well.

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