Transcripts for BBCNEWS Talking Business 20240604 02:53:00

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from a system in which we had lots of pipeline import towards a system which is much more lng dependent, and lng is just more expensive than pipelines. so, that means that we are now moving from a lower level to a higher level when it comes to the energy prices and that is a disadvantage versus to us, which is remaining basically on a significantly lower level, and we are now catching up with asia, which traditionally has been on a higher energy level. so, we have lost versus the us. we have lost versus asia. we cannot hope that this will go away, so we need to compensate for that in other areas. well, let me ask you this, leo — as the big boss of certainly one of europe's biggest power providers, did europe put all its eggs in one basket in terms of relying on russian energy? no, we did not. we had other suppliers, like the lng in the uk. we had lots of lng in southern europe. we have algerian lng.

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