The situation around Ukraine is not the main cause of the global energy crisis, stabilization in the region will not end the problems of ensuring energy security.

Amin Nasser, the head of Saudi Aramco, one of the world's largest oil companies, said this according to the information provided by "APA-Economics" with reference to foreign media.

"The conflict in Ukraine, of course, increased the impact of the energy crisis, but this is not its main cause. Unfortunately, even if the conflict is stopped today, the crisis will not end," Amin Nasser said.

According to him, the real causes of the crisis are insufficient investment in the oil and gas industry, insufficient preparation of alternatives to these resources, strengthening of the energy transition with unrealistic scenarios, and lack of contingency planning.

Amin Nasser emphasized that investments in oil and gas will decrease by more than 50% from 2014 to 2021 to 700 billion.

300 billion dollars.

decreased to dollars.

This year's increase in investments is very small and delayed.

The head of "Saudi Aramco" also emphasized that freezing or limiting energy accounts and increasing the tax burden of companies will not help to solve these problems in the long term.

"Furthermore, the world community is facing a hard winter, but this season will be especially hard in Europe," Amin Nasser added.