Germany prepares for energy shortages for the upcoming winter

In this interview given to BBC News, Dr Carole Nakhle, CEO of Crystol Energy, discusses the preparations for winter in Europe.

Main points discussed:

  1. People in Europe are preparing for the winter ahead, irrespective of government measures to curb energy consumption.
  2. Although gas reserves are plentiful, the exploitation and monetisation of natural gas are capital intensive and infrastructure takes time to build.
  3. While there are alternative sources of energy to gas, they are not all aligned with the EU’s climate agendas.
  4. The EU target of 15% reduction in gas consumption is feasible; yet, there will be a divergence between countries to achieve this target due to their varying reliance on natural gas in their energy mix.

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