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He later added: "So for example, if you look at the UK has up to 40 per cent of their electricity is from when at the same time, there's a two or three week period where the output of the wind goes down. And so wind farms are backed up by natural gas plants, which means you have to have enough natural gas supply to back up your wind farms. That did not happen
Russia is not the culprit
The European Union (E.U) relies on Russia's natural gas due to the former's production decline.
The Eurostat data showed that the bloc has imported 90 percent of its natural gas needs since 2019.
The bloc has blamed Russia-state gas producer Gazprom for manipulating the gas price, as stated in the formal letter sent by the European Parliament.
Mark Cann stated that such a situation is due to a lack of planning as well as a complex bureaucracy.
"The Europeans have a lot of bureaucracy included with their energy markets, and some of the bureaucracy have good intentions, but it also causes issues. For example, there's a brand new pipeline that is still waiting to receive its permit that could be supplying more than enough natural gas right now. That has nothing to do. The Russians will gladly sell that natural gas, but they're still waiting on the EU to finish the permitting so they can transmit the natural gas to that pipeline. So it's kind of interesting to blame the Russians on supply when it's the bureaucracy of the EU that's preventing the supply from going through the pipeline," the CEO of cryoenergy.tech explained.
Russia is the largest natural supplier to Europe, accounting for 43.4 percent.
The European Parliament's letter accused Russia of cutting its supply for pressuring the E.U to approve the controversial Nord Stream 2 pipeline project.
The project which flows from Russia to Germany through the Baltic Sea is one of the completed projects involving both nations.
