conflict in ukraine
conflict in ukraine
“Russia will not pay out of pocket for the welfare of others. We will not supply energy to states that impose price caps. We will not act to our detriment in favor of those who prefer dirty tricks and shameless blackmail.” This was stated by Russian President Vladimir Putinspeaking at Russian Energy Week forum, returning to damage at Nord Stream plant.
“The beneficiaries of the Nord Stream disruption are clearly the US and countries with alternative supply routes – continued -. The purpose of the terrorist act against the gas pipelines was to undermine the energy security of the entire continent in order to completely sever ties between Russia and the EU, weakening Europe as well.”
According to Putin, introduce the price cap on gas prices risks that lead to similar measures in other sectors of the economyto the point of destroying the market and threatening the well-being of billions of people between Russia and Europe.
“Blaming our special operation in Ukraine is absurd. The price increase is not related to this, but to the policies of the West – he emphasized again -. We are ready to provide more energy to Europe in autumn and winter, but the ball is now in your hands. Price instability is blamed on the subversive actions of individual market players driven by their geopolitical ambitions.”
Gazprom: “Europe doesn’t necessarily get over winter”
According to Gazprom CEO Alexey Miller, “there are no guarantees that Europe will be able to survive the winter with current gas stocks”. “Whole cities can get cold in a short time. Gazprom supplied between 600 million and 1.7 billion cubic meters a day during the winter peaks. Experts estimate today a shortage of 800 million cubic meters of gas in Europe in case of a a particularly cold winter. This is a third of all European consumption”.
According to the CEO of Gazprom, the gas reserves in storage will be around 5% in March 2023. “If Europe succeeds, what will happen in 2023-2024?
Source: Fan Page IT
Ashley Root is an experienced business journalist and author at The Nation View. With a background in economics and finance, she has a deep understanding of the inner workings of the business world and is able to provide insightful and informative analysis on a wide range of topics.
