Challenges of energy risk diversification and gas crisis in EU

Abstract

The relationship between the distribution of fossil fuels in recent decades has greatly influenced the geopolitical situation in the world. We are witnessing numerous revolutions, sanctions, and wars in crisis areas of countries rich in oil and gas reserves, which resulted in the radical devastation of some countries’ economies and enormous emigration from war-torn areas. On the other hand, the struggle for supremacy in the energy market between the West and the East is intensifying, especially because many countries importing fossil fuels have turned to the diversification of procurement risks, primarily gas, and then oil. Many countries Turkey, Iran, Ukraine, Venezuela, Germany, and Bulgaria have faced various pressures and challenges imposed by the West. In the case of Iraq, Libya and Syria, wars were inevitable. A review of the past period and the growth of political tensions in Ukraine in recent years, and especially the months, indicate that a new war on European soil is imminent. This time, the interests of the great powers from the West and the East are more obvious, and there are more reasons for the conflict, in the sense of diplomacy or war.