June 22, 2024

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Two Countries That Could Break Putin’s Gas Grip On Europe

2 min read

At this moment, a fast-moving development is unfolding in Europe’s energy industry that is gaining more attention by the day.

Europe’s energy crisis, triggered by Russia’s early 2022 invasion of Ukraine, put an end to decades of reliance on cheap natural gas supplies from Russia.

In the short term, this meant significantly higher energy prices throughout Europe, with energy costs rising by 40.8% annually within the EU as of September 2022.

And while natural gas prices have pulled back a bit over the past several months, the fact remains that Europe is badly in need of a long-term solution for its natural gas needs.

After decades of dependence on cheap Russian gas, the situation within Europe has changed in a meaningful way.

–  The European Union has recognized that their energy reserves and security can no longer be dependent on cheap Russian gas. This has spurred a renewed interest in developing potentially significant reserves within Europe that have been largely ignored for decades…

–  The EU has now endorsed natural gas as “green” and designated it a transition fuel as we move toward a renewable energy future…

–  Germany has moved away from nuclear power generation, leading to an increase in its need for natural gas…

–  And the ongoing war in Europe – including sabotaged pipelines connecting Russia and Germany – has dramatically increased the urgency for bringing new supplies of natural gas online within Europe.

But one company is emerging as a potential leader in the race for home-grown solutions to energy crisis: MCF Energy (TSXV:MCF; OTC:MCFNF). This is an exciting player in Europe, with an array of assets that offer unique exposure to domestic natural gas.

The team leading MCF quickly recognized this opportunity to help strengthen Europe’s energy security…

And they bring with them extensive expertise in the European energy markets and geology, as well as an impressive track record in capital markets.


2024-03-05 19:00:00

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