Energy prices soar and EU poses 'joint gas purchase'

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The economic bloc has vowed to phase out the use of coal and other fossil fuels in a bid to hit net zero emissions by 2050. Some, however, fear it would be foolish of the European Union not to invest in natural gas capacity, the majority of which is presently imported from Russia. According to Alexandra Sdoukou, Secretary-General for Energy at the Greek Ministry of Environment, investing in natural gas is both “rational and unavoidable” during the transition to renewable energy.

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