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Oct 31 ,2022 | 

&Quot; Where to invest& Quot; Growing experts on energy issues in the West

The energy industry in Western countries is facing new challenges, "said Alexander Khurshudov, an expert at the Oil and Gas Information Agency, on satellite radio.

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The energy industry in Western countries is facing new challenges, "said Alexander Khurshudov, an expert at the Oil and Gas Information Agency, on satellite radio.

Igor Sechin, President of Rosneft, stated that Rosneft's abandonment of hydrocarbons and insufficient investment in the energy industry have led to energy shortages and price increases.

Despite the energy crisis facing the region, major European energy companies continue to reduce their investment in the oil industry under climate policy pressure, "Xie Qin said at the Baku Verona Eurasian Economic Forum.

For example, Shell announced that it will completely cease geological exploration in the new basin by 2025.

In satellite broadcasts, Alexander Khurshudov, an expert and technology science candidate from the Oil and Gas Information Agency, stated that this situation will inevitably lead to further increases in energy prices.

There is very little investment in (energy) now, which is strange. Because oil prices are good and natural gas prices are also good. Price increases always lead to an increase in investment, but now it is not. There are two factors here. The first factor - expected to decrease (price): oil will drop to $40 (per barrel), and natural gas will drop to $300/cubic meter, but it has not decreased, I believe it will not decrease ”Experts say.

He said that the second main reason for the stagnation of investment growth is the shortage of newly confirmed oil and natural gas reserves.

For example, Russia has the North Sea and East Siberia, with normal investment and improved fisheries and infrastructure. What do other countries have? The United States is already running out of resources. All shale deposits have been diluted sufficiently dense and are now absorbing everything they can provide, but neither oil nor natural gas has grown... The problem of hydrocarbons will intensify, and it will not be easier for Western countries that consume hydrocarbons, "said Alexander Hulshudov.

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