Speaking at the World Economic Forum in Davos, AKTOR Group Chairman
Speaking at the World Economic Forum in Davos, AKTOR Group Chairman and CEO Alexandros Exarchou delivered a forceful appeal for Europe to move faster on liquefied natural gas imports and cross-border infrastructure, warning that hesitation could undermine the EU’s planned ban on Russian gas from 2028.
Exarchou framed the debate largely as a strategic choice between U.S. LNG and Russian pipeline gas, arguing that once Russian supplies become illegal, concerns over price comparisons lose their relevance. His remarks come amid a more complex global LNG landscape, where multiple suppliers and shifting price dynamics are expected to shape the market over the coming years.
A Warning on Europe’s Credibility
For years, he said, Europe made a deliberate choice to rely heavily on Russian gas, a dependency that became a strategic weakness after the outbreak of the war in Ukraine. While the EU has now decided to prohibit Russian gas imports starting in 2028, Exarchou questioned whether all
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