The United States vows to support European countries as responsible for the shift in rising energy prices to Russia
- US Secretary of Energy has vowed that the US will “stand up” to market players
- This is due to the shift of the crisis to supply restrictions from Russia.
- Russia is the largest supplier of gas to Europe, accounting for 40% of imports
The United States yesterday vowed to help European countries suffering from rising energy prices as responsibility for the crisis shifts to supply restrictions. Russia..
US Secretary of Energy Jennifer Granholm said the US “confronts market players” and “manipulates supplies to benefit them.”
She states: “We all want to look at the problem of gas price fixing by storage and failure of adequate supply.”
US Secretary of Energy Jennifer Granholm (pictured) has vowed that the US will “confront the players in the market.”
During her visit to Warsaw, she emphasized:
Russia’s gas giant Gazprom has moved to limit supply, raising concerns about the energy crisis across Europe.
These moves, coupled with low inventories, have skyrocketed natural gas prices in recent months.
Russia is the largest supplier of gas to Europe, accounting for 40% of imports. This has led to calls for Russia to reduce its reliance on energy.
Earlier this week, the International Energy Agency called on Russia to “do more to increase the availability of gas to Europe.”
This is because the energy crisis shifted to supply restrictions from Russia after Russia’s gas giant Gazprom (logo photo) moved to limit supply.
The United States vows to “confront” market players in support of European countries facing rising energy prices
SourceThe United States vows to “confront” market players in support of European countries facing rising energy prices