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Russian Deputy Prime Minister Alexander Novak predicted that the world would face an energy shortage in the next five to ten years, due to sufficient investment by Western oil and gas companies.
Novak told the Russian agency TASS: “Many Western oil and gas companies are currently transferring money to stock dividends instead of investing,” explaining that the decrease in the volume of investments and the lack of sufficient energy sources by the European Union will lead to a global shortage of energy, and a new energy crisis that will cause problems. serious for Europe.
Novak considered that the West's decisions regarding Russian oil and gas raise a deep, long-term crisis and destabilization in Europe.
And Novak stressed yesterday that the world cannot dispense with Russian energy resources or remove them from the market, as Russia is the largest player in the field of energy, and it is also the third supplier of coal in the world.
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