Dr. Sadad Al Husseini, the former executive vice president of Saudi Aramco and founder of Husseini Energy, a Saudi Arabian energy company, was on CNBC Monday commenting about natural gas supply and demand and the effect of sanctions on Russia and the global economy.
What Happened: During the interview, Husseini said that Russia accounted for 10% of gas production in the world, totaling 60 billion cubic feet of gas per year, and European nations account for 14 billion cubic feet of gas. He added the U.S. or OPEC would not be able to fill the liquid natural gas capacity needed for Europe.
