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A daunting winter for Europe

In this interview given to Chantale Saliba from Sky News Arabia, Dr Carole Nakhle, CEO of Crystol Energy, discusses the dynamics of the European energy crisis.

Dr Carole Nakhle (top right) discusses the dynamics of the European energy crisis with Lord David Howell (bottom left), Former Secretary of State for Energy in the UK, Dean Cooper (bottom right) from WWF and Chantale Saliba (top left) from Sky News Arabia

Some of the main points covered during the discussion:

  1. The current energy crisis has taught the European governments that climate security cannot be achieved without energy security.
  2. The campaign to boycott paying household energy bills in the UK is a reflection of the burden that the British consumer is facing.
  3. Eventually, high energy prices are the solution for high energy prices as they will push consumers to use energy more efficiently, as well as, accelerate the transition to cleaner sources of energy.
  4. The energy crisis in Europe is a gas crisis as Russian gas cannot be easily replaced by other sources and suppliers. European countries are rushing to fill their gas inventories in case Russian gas is fully cut-off to the region ahead of the winter season. 

Dr Nakhle was joined by Lord David Howell, Former Secretary of State for Energy in the UK and Chairman of Crystol Energy’s Advisory Board, and Dean Cooper, Global Lead of Energy Transition at WWF.

Watch the discussion:

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