“It is Important that Gas Keeps Flowing with Russia”

An article by: Tommaso Baronio

Davide Tabarelli, President of Nomisma Energia, talks about the energy crisis, oil sanctions, and the energy transition.

PRESIDENT OF NOMISMA ENERGIA

Davide Tabarelli

He is the president and founder of Nomisma Energia, an independent research company. He is also a contract professor at the University of Bologna and an energy columnist for the newspaper Sole 24 Ore.

TOMMASO BARONIO

Mr. President, is it important that gas keeps flowing with Russia?

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Davide Tabarelli

It is important, because it would be quite difficult to get along without such a colossal amount cyclically. We saw that last year we have been using it despite the pompous claims of abandoning it. Prices need to go down again. Even the very possibility that this gas is there helps to overcome panic. This is an important thing.

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TOMMASO BARONIO

Did the sanctions on oil and gas payments turn out a failure? Did they harm Europe or Russia more?

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Davide Tabarelli

They mostly hurt Russia, but in the long run.

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TOMMASO BARONIO

What will next winter be like? Is the gas crisis over?

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Davide Tabarelli

The gas crisis is not over. We have to wait for peace with Russia. This is a crisis that is destined to drag on for decades. Maybe the prices will go down, but the consequences are bound to remain for a long time.

 

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TOMMASO BARONIO

Will the day come when we stop buying products in Russia?

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Davide Tabarelli

Yes, maybe. And I hope this will happen not because it would mean that the war is not over yet. If the war continues, in three or four years we will be at zero.

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I hope that the day will not come when we stop buying from Russia – this would mean that the war is not over yet

 

TOMMASO BARONIO

Have we approached the energy transition from an ideological standpoint, which placed the industry in a difficult position?

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Davide Tabarelli

Yes, for sure. This ecological transition is very ideological, and therefore it is consistent with the idea of freeing the world from this threat of climate change. It was ideological and certainly hurt the industry, but also their ideology of the good. Research has been stimulated, and attempts have been made to reduce pollution, to which we all agree.

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This ecological transition is very ideological and has hurt the industry

JOURNALIST

Tommaso Baronio