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ซาอุดิ อาราเบีย-เยอรมันนี
เจรจาทบทวนความสัมพันธ์และโอกาสความก้าวหน้าในการพัฒนาความร่วมมือของทั้งสองประเทศ ตลอดจนเรื่องสันติภาพของภูมิภาค ภายใต้กรอบ Kingdom’s Vision 2030.
JEDDAH: Saudi Arabia’s Crown Prince Mohammed bin Salman on Saturday received German Chancellor Olaf Scholz in Jeddah, who was in the Kingdom at the beginning of a two-day tour of the Gulf region, the Saudi Press Agency reported.
During the meeting, held at Al-Salam Palace, Prince Mohammed welcomed the German chancellor to the Kingdom and conveyed greetings from King Salman, while Scholz expressed his happiness to visit the country and meet with the crown prince.
The two sides reviewed aspects of Saudi-German relations and areas of partnership between the two countries, in addition to discussing prospects for bilateral cooperation and opportunities for its development in accordance with the Kingdom’s Vision 2030.
During the reception, the latest regional and international developments were discussed, as well as efforts to achieve international stability and peace.
They also exchanged views on a number of issues and issues of common concern.The crown prince and the German chancellor also met with business delegations from Saudi Arabia and Germany.
Prince Mohammed then hosted a working lunch for the German chancellor.
Scholz, who will return to Berlin on Sunday evening after also visiting the UAE and Qatar, is accompanied by a large delegation that includes representatives of several economic sectors.
Nowhere is this crisis more pronounced and more dangerous than in Europe, where a long-standing gambit on cheap Russian gas has backfired. At the onset of the war, the European Union’s 27 member nations relied on Russia for 40% of their natural gas—the second most common energy source in Europe behind petroleum oil.
But now, with Russian supplies limited, the benchmark price of natural gas in Europe has more than doubled over the past year, and both consumers and corporations are getting hit hard.
Electricity bills have already tripled in many places. Some coffee shops and restaurants have seen monthly bills rise from €2,000 a year ago to €7,000 now, and major industries have started furloughing workers and cutting back on expenses due to high electrical bills.
The situation is so dire that governments that previously renounced fossil fuels and nuclear power are desperately reopening shuttered coal plants and nuclear sites, and nationalizing utility companies to save them from going bankrupt.
But as bad as it is now, these might still be the good days for Europe. With winter and higher gas demand on the way, experts told Fortune that Europe’s energy market has never been more vulnerable.
Even the slightest uptick in energy demand anywhere in the world could push entire sectors of Europe’s manufacturing industry to shut down entirely, devastating European economies with a wave of unemployment, high prices, and in all likelihood public unrest and divisions between European nations.
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