Qatar warns ‘worst yet to come’ for Europe energy shortages
- Date: 24-May-2023
- Source: Arab Weekly
- Sector:Financial Markets
- Country:Qatar
Qatar warns ‘worst yet to come’ for Europe energy shortages
DOHA –
Qatar’s energy minister warned the “worst is yet to come” for Europe’s oil and gas shortages, saying a warm winter had prevented greater difficulties in recent months.
Saad al-Kaabi and his Saudi counterpart Prince Abdulaziz bin Salman said a lack of investment in oil and gas, as the world tries to transition to cleaner fuels to prevent global warming, risked causing an energy crunch.