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Viewpoint: EU State Champions Need to Clinch Upstream Deals

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Germany has taken the plunge and fully nationalized utility Uniper following months of bleeding money into it. And Berlin is now reportedly looking to gobble up Sefe, formerly known as Gazprom Germania. If the creation of new state-backed energy champions is where the wind is blowing in Western Europe, then the region must not waste time to capitalize on its new change of strategy. Through these state-owned firms, EU countries can take control of their energy systems and security. To do so, they must now invest in upstream gas and LNG export projects globally to ensure a steady supply of energy for the region. And the time is right for this to happen.

Topics:
Gas Supply, Gas Pipelines, Offshore Oil and Gas, LNG Supply, Upstream Projects, LNG Contracts, Floating LNG, LNG Projects, Policy and Regulation, Ukraine Crisis
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