Study of Russia’s monopoly in energy supply to Europe – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

Study of Russia’s monopoly in energy supply to Europe – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

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ONE of the main consequences of the Russian invasion of Ukraine is the loss of Russia’s grip on its gas and oil supply to Europe, and an end to its monopoly of its biggest market with its huge investments in all related activities in the energy market, in every part of of the energy business from upstream to downstream, from drilling, pipeline, refining, gas retails stations, with full scale investments, joint operations, and ownership of companies. Now everything is gone, and newcomers are hitting the doors of Europe with their own merchandising and long term plans with a new outlook and diversification.