2024-06-15 05:47:19
The necessity for particular choices to be taken instantly by the European Union and the governments for the analysis and improvement of native fields, to be able to cowl the massive deficit in pure fuel and to keep away from severe socio-economic penalties, the CEO of the Energean group, Mathios Rigas, identified, chatting with closed spherical desk dialogue, which closed the proceedings of the East Mediterranean Gasoline Discussion board (EMGF) in Athens.
Mr. Rigas characteristically identified that solely within the EMGF member international locations there’s a deficit of the order of 130 billion cubic meters per 12 months, at a time when essential area improvement tasks have been launched or are underway solely in Israel and Italy. “That is the elephant within the room”, careworn the CEO of Energean and added that it’s time to cease speaking and put concrete insurance policies into motion and provides clear instructions of assist on the EU degree. for the pure fuel business, to be able to raise the bans, which have successfully been positioned on the financing of the sector by the banks.
“We should lastly perceive that we are going to both produce pure fuel or import it,” Mr. Rigas emphasised, because the wants in economies and societies are monumental. If the selection is to be on the finish of a sequence, which can merely transport fuel from elsewhere, then we ought to be ready to face severe socio-economic penalties sooner or later, with vitality planning safety issues, costly vitality but in addition the lack of hundreds of jobs, was his message.