White Paper: Global Energy Crisis Report
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The current energy crisis has been affecting organizations throughout the world since the beginning of
2022. The conflict in Ukraine as a result of the Russian invasion has created new challenges, while
also exposing long standing inefficiencies in the global energy market.
Prior to the beginning of the conflict, the global demand for oil and gas was already outgrowing the available supplies, which is the primary structural problem that constitutes a major risk. While policy makers thought countries outside OPEC could increase their supply and make up for such an excess in demand, the Ukraine conflict has worsened expectations dramatically. Similarly, high hopes for liquefied natural gas (LNG) met a disappointing reality once the pandemic started, leading to a much more fragmented scenario, with areas such as Europe having experienced a decrease in reserves.
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About the author
Gianluca Riglietti
Head of Research & Intelligence, PANTA RAY
