Russia does not use gas as fuel


President Putin: Russia does not use gas as a “weapon” to deal with Europe

Russian President Vladimir Putin affirmed that Russia does not use energy as a “weapon” to deal with Europe and is ready to support the region as the energy crisis continues.

Russian President Vladimir Putin attends a discussion session at the Russian Energy Week international forum held on October 13 in Moscow. Photo: AFP

“We are not using any weapons,” President Putin told CNBC’s correspondent in Moscow on October 13. “Even during the most difficult periods of the Cold War, Russia fulfilled its contractual obligations and supplied gas to Europe,” Putin stressed.

In response to accusations that Russia has cut off gas supplies to Europe, President Putin called them “politically motivated lies” and “there is nothing to suggest that we use energy.” quantity as a weapon”. In contrast, the Russian president said the country was “expanding energy supplies to Europe”.

These affirmations were made by President Putin when he attended a discussion session within the framework of the annual international forum entitled “Russian Energy Week” taking place on October 13 in Moscow.

Speaking at a panel discussion with executives from major corporations such as ExxonMobil, BP, TotalEnergies, and Mercedez-Benz, Putin said Europe “shouldn’t shirk responsibility” for the crisis. energy crisis in this region, because European countries did not try to replenish their gas reserves in the summer.

“The high gas prices in Europe are the result of an energy deficit and not the other way around and that’s why we shouldn’t be blamed, this is what our partners We are trying to do it,” Putin added.

“The European gas market seems to be out of balance and this is predictable,” Putin said.

But the Kremlin boss affirmed that Russia is ready to fulfill its energy supply obligations under the contract and discuss additional actions and cooperation with European partners. The Russian president also said that Russia has increased gas supplies to Europe by 15% this year.

Putin attributed the current gas shortage in Europe to a shortage of renewable energy production in the summer and reduced supplies from other partners, including the United States.

“You see, the problem is not with us, it’s on the European side, because first of all we know that the wind farms didn’t work during the summer because of the weather, everybody knows that. Moreover, the Europeans have not pumped enough gas into their underground gas facilities… and the supply of gas to Europe has decreased compared to other parts of the world,” said President Putin. tell.

“So we increased our supply, but other countries, including the US, cut their supply and this is the cause of the panic,” Putin added. At the same time, the Russian president emphasized that Russia can supply more gas, “but we need to receive proposals to do that”.

Russian Energy Week is known as the place where the President of Russia sets out the energy agenda for this economy. Here, experts also discuss politics, pipelines, investments and climate change, as well as risks to global growth and security.

Last week, President Putin offered to increase gas supplies to the eurozone in a move to help stabilize prices. Critics of the Kremlin, however, argue that Russia has deliberately supplied gas below market demand in order to cause the crisis and make Europe aware of its dependence on supply from Russia.

However, the Russian side has denied this allegation.

Experts say that Russia has restricted gas supplies to Europe with the aim of putting pressure on Germany to speed up the certification of the now completed Nord Stream 2 gas pipeline – a project aimed at promote gas supplies to Europe through the Baltic Sea.

Previously, this pipeline project faced many criticisms, including from the US and Eastern European countries such as Poland and Ukraine. They argue that this pipeline increases Europe’s dependence on energy supplies from Russia and weakens the European region in terms of energy security.

Russian news agency TASS reported on October 13 that Kremlin spokesman Dmitry Peskov said that Russia is supplying gas to Europe to the maximum extent under existing contracts. Dmitry Peskov also noted that Moscow is ready to increase gas shipments through Ukraine if the EU increases purchases.

Russia is currently the third largest producer of fossil fuels in the world, and it accounts for more than 40% of EU gas imports annually, according to the latest data from Eurostat. Russia’s status as one of the world’s main energy exporters gives Russia its advantages and disadvantages. While Russia can boost energy production and exports to increase government revenue, the global shift away from fossil fuels to alternative energies and greener technologies puts Russia in the first place. face the challenge that fossil fuel demand Future will decrease.