Faced with the current energy crisis, Vladimir Putin has declared that Russia is ready to increase its gas exports to European countries. The leader defends more generally a stabilization mechanism for the energy market.
“If we are asked to increase further [les exportations de gaz vers l’Europe], we are ready [à le faire]”: It is in these terms, in particular, that Russian President Vladimir Poutine commented on the current soaring gas and electricity prices, which is hitting Europe hard.
“We will increase as much as we ask our partners. There is no refusal [de la part de Moscou]», Added the head of state, speaking during the plenary session of the International Forum of the Russian week of the energy in Moscow, this October 13th.
An increase in deliveries to Europe which could be achieved via new long-term contracts: “If there are requests [supplémentaires de gaz], this can only go through new contractual conditions, ”said Minister of Energy Nikolai Choulguinov on October 13.
Moscow advocates energy market stability mechanism
In the long term, precisely, Vladimir Poutine considered “very important, in the current difficult situation” to set up a long-term mechanism of stabilization of the energy market – objective to which the Moscow energy forum intends to contribute.
According to the Russian leader, European states, to which Russia supplies a third of their gas needs, have made the “mistake” of “resting on the invisible hand of the market” by relying on cash purchases rather than to multiply long-term contracts with Moscow in recent years. Therefore, Vladimir Poutine recalled that Russia was a “reliable” partner, arguing that his country had respected all its “contractual obligations” and that the surge in prices was not his responsibility.
The energy crisis, global in scope and affecting Europe, is due in particular, according to AFP, to the acceleration in demand due to the economic recovery after the many restrictions linked to the coronavirus pandemic. However, a set of factors reduced supply, causing prices to soar to unprecedented levels.
In Europe, gas stocks are at their lowest, started by a prolonged winter in 2020 and these reservoirs have not been sufficiently filled since. Added to this is a reduced contribution of renewable energies, such as wind power for meteorological reasons.
Details to follow …