European energy crisis caused by impulsive transition from fossil fuels – Rosneft boss Sechin

Rising fuel costs

Rising fuel costs in Europe highlight the serious risks of impulsive energy transition and negligent attitude towards traditional energy, according to Igor Sechin, head of Russian state-run oil giant Rosneft.

“The gas crisis in Europe had demonstrated the importance of commodity inventories,” Sechin said, speaking at the 14th Eurasian Economic Forum in Verona, Italy.

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