Energy crisis refers to a situation in which the demand for energy exceeds the supply, leading to a scarcity of energy resources. This can result from factors such as geopolitical tensions, natural disasters, increased consumption, depletion of resources, or economic instability. Energy crises can manifest as fuel shortages, rising energy prices, blackouts, and disruptions in energy availability. They often compel nations to seek alternative energy sources, implement energy conservation measures, or develop policies aimed at securing energy independence. The term highlights the vulnerability of societies to fluctuations in energy supply and the critical importance of maintaining a stable and sustainable energy framework.
The situation in Moldova is becoming critical as Gazprom, the state-owned Russian gas giant, has announced it will halt gas supplies to Moldova beginning January 1, 2025. This sudden decision…