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The war in Ukraine has majorly affected the prices of natural gas. Due to the european energy policy attempting to rely as much as possible on renewable energy
by zosima 3y ago
The war in Ukraine has majorly affected the prices of natural gas.
Due to the european energy policy attempting to rely as much as possible on renewable energy, gas is absolutely essential for electricity production. It's the only energy source which is reliable and can be turned on and off quickly in situations where the renewable energy sources are not producing energy, due to lack of sun, water or wind.
Furthermore natural gas is an essential ingredient in the production of artificial fertilizer. It's estimated that without artificial fertilizer, global agricultural production will only be able to feed approximately 4 billion people.