Ukraine war will disrupt gas market long-term, Russia's nuclear energy may be hit: US energy expert

  • 📰 straits_times
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 69%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

that come in via tankers by the end of the year. It is also debating phasing out its imports of Russian gas.

It has been posited that perhaps China or Japan would take the natural gas, but it would be difficult to redirect the gas in the pipelines, noted Dr Moniz, who is currently the president and chief executive of Washington-based think-tank Energy Futures Initiative.

But there is a possibility for China to move in and replace the western expertise in technology, unless the US pulls the trigger on secondary sanctions, Dr Moniz noted. Even so, the war is in no way reducing the pressure for the energy transition, he said. The conflict hasbut it has caused a bump in the road towards that clean energy goal.

If Russia loses significant market share, other players such as China, Japan, Europe and the US have to step in - in the case of the US because its supply chain has fallen into disrepair, he noted.- a clean fuel produced by splitting water into hydrogen and oxygen using renewable electricity.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines