The developing world may fall into energy poverty due to Europe’s ravenous demand, an analyst told Bloomberg The EU energy crisis is inevitably leading to energy poverty in developing countries, Bloomberg reported on Tuesday citing an energy analyst at Credit Suisse. “Europe is sucking gas away from other countries whatever the cost,” Saul Kavonic told the media. Despite soaring energy bills, the EU is expected to survive the upcoming heating season, as the bloc members have purchased enough oil and natural gas. However, this comes with a high price tag for the world’s poorest nations that have been cut off from t
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