UAE President Sheikh Mohammad Bin Zayed Al Nahyan (MBZ) views the current energy crisis in Europe as a moment with both risks and opportunities.
This comes after Ukraine refused to renegotiate a gas transit deal with Gazprom amid its war with Moscow, which led to a halt to Russian gas imports on New Year's Day.
This note delves into the following key aspects:
- MBZ views on the gas situation in Europe
- The opportunities for Abu Dhabi following the situation
- UAE stance on Europe’s new law for IOCs
The note also sheds light on Abu Dhabi’s plans if Europe decides to go through with its new law for IOCs.
