The European Commission expects gas prices to fall as the global supply of liquefied natural gas (LNG) rises, giving room for investment in renewable energy sources, European Commission President Ursula von der Leyen said on Tuesday at the European Parliament in Strasbourg. in his speech at the plenary session.
Ursula von der Leyen stressed that reducing energy costs is a priority, as energy costs continue to affect European competitiveness, especially in the case of industries with high energy requirements.
The increase in the global supply of liquefied natural gas will soon shift the energy market from a global energy shortage to an abundance, “therefore we expect a decrease in gas prices”, he pointed out. At the same time, according to the words of the president of the EU commission, it is necessary to advocate for Europe to produce more, cheap and clean energy, for which, as he highlighted, the cross-border electricity transmission capacity must double within this decade.
Von der Leyen said that in the last decade, Europe’s productivity increased by only 0.8 percent per year, compared to 1.1 percent in the United States. As he highlighted, this lag can only be addressed with coordinated efforts at the European and national level.
“Restoring our competitive advantage must be at the center of Europe’s economic agenda in 2024 and beyond,” said von der Leyen, adding that state investment is not enough for all of this, the Union must also mobilize private capital, and the capital market must also be an essential element of the solution. completion of the union.
“If we want to finance the new industrial revolution of our time, we must mobilize Europe’s private capital. It is time to turn political will into action” he said.
Von der Leyen said that although the challenges caused by the coronavirus epidemic and the Russian-Ukrainian war could have turned into a dramatic economic and social crisis, thanks to Europe’s great resilience and the introduction of appropriate policies, this did not happen. Surveys also predicted mass unemployment and a long recession in Europe, but instead, he says, more people are working today than at any time in European history.
“We’ve been through hell, but in many ways we’re stronger than five years ago” – added the President of the European Commission in his speech.
Enikő Győri, Fidesz’s representative in the European Parliament (EP), said in his speech during the debate that the president of the EU committee “lives in an alternative reality”. Behind the European Union are “five wasted years”, failed in crisis management, weak and divided. Europe is losing its competitiveness. It has destroyed European industry and agriculture with its forced green ideology, and it is also performing increasingly poorly in world trade, he said.
He emphasized: the European Union is a peace project, but the current leadership in Brussels is pro-war. There is no military solution to the Russian-Ukrainian war, despite the fact that it is clear who is the aggressor and who is the victim, said the Fidesz EP representative, and then said: “the sooner there is peace, the more lives we can save”.
He said: the EU was created in order to become stronger together, in comparison – as he highlighted – the union has never been as divided as it is now. The European Commission is blackmailing the countries that fall out of line in the issues of migration, war, and “gender” by withholding the funds due to them, he pointed out. Instead of ideological discussions, it would be time to deal with problems that really affect people, he underlined.
The politician stated that the migration pact is nothing more than the repackaging of already rejected proposals. The essence remains the same, he pointed out.
“You don’t want to stop, but manage migration,” he said.
Hungary will not let in illegal migrants, refugee applications must be assessed outside the borders, he declared. Not for war, not for migration and not for “gender ideology”. A change is needed in June, Enikő Győri added in his speech.
