6/26, 9:00 PM (Source: TeleTrader)
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Draghi calls for investments in gas infrastructure

Italian Prime Minister Mario Draghi on Sunday said that large investments in gas infrastructure in developing countries will be required due to global gas shortages.

His comments come after Germany announced it will fire up its coal-fired power plants in order to compensate for Russian gas, which Europe's largest economy is heavily reliant on.

"Russia's brutal war against Ukraine is also having an impact here," German Chancellor Olaf Scholz said on Saturday, pointing to surging prices of energy.

Baha Breaking News (BBN) / NL