Kobolyev Warns of Dire Consequences for Europe and Urges Immediate Action

The ongoing destruction of Ukraine's energy infrastructure by Russia poses a significant threat to European energy prices, warns Andriy Kobolyev, former CEO of Naftogaz. Kobolyev emphasizes that if the markets perceive Russia as gaining an advantage in the energy war, global prices will surge.

The recent missile and drone attacks have severely damaged Ukraine's largest power plants, including the Trypilska plant, leaving the country facing extensive blackouts. Kobolyev highlights that the damage is more severe than in previous attacks, as Russia has intensified its efforts to destroy large-scale generation capacity.

Kobolyev stresses the urgent need for immediate supply of air defense components and munitions to protect Ukraine's energy system. He also advocates for the development of a distributed and protected generation system to replace the destroyed balancing generation. This requires significant investment and a new modus operandi for the West, despite the risks of military strikes.

Kobolyev dismisses criticism of Ukraine's attacks on Russian energy infrastructure, arguing that an energy war is being waged. He emphasizes that Ukraine's actions are necessary to protect its energy infrastructure and prevent further escalation of the conflict.