Friday, March 29, 2024

Putin, we will not provide energy to those who set price ceilings – the world

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“I will say one thing: Russia will not act against common sense, paying out of pocket for the welfare of others. We will not provide energy to those countries that impose a ceiling on energy prices. Fifth.Before those who prefer dirty tricks and shameful blackmail, and for decades we have been living in a model of this kind, in the political sphere, we will not act at our expense.” Russian President Vladimir Putin repeated this, speaking at the Russian Energy Week forum, TASS reported.

The Russian president said measures such as capping the prices of Russian energy resources were a “rigged game”.

Beneficiaries of Nord Stream Rest It’s clear: the United States and countries with alternative supply routes, Putin said. The terrorist act against Nord Stream gas pipelines was aimed at undermining the energy security of the entire continent. He added that behind the sabotage there are those who want to completely sever relations between Russia and the European Union and thus weaken Europe.

There are no guarantees that Europe will survive this winter With the current reserves in underground gas storage facilities, Gazprom CEO Alexei Borisovich Miller said, as reported by TASS, “Gas supplies via Nord Stream 2 can start immediately” if the licenses are obtained.

Russia is no longer a reliable supplier. Even before the damage to the Nord Stream 1 gas pipeline, gas no longer flowed. “This was stated by a German government spokeswoman, Christian Hoffmann, dismissing Putin’s recent comments on the readiness to use Nord Stream 2 gas with the comment” Nice try “, a nice attempt. Then the spokeswoman stated that there is no ban on Russian gas, answering questions at a press conference in Berlin.

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Common purchases of gas for storage, More coordinated energy diplomacy for gas with trusted partners, further reduction in demand, and a more representative, but on a voluntary basis, index to Ttf. “These are some of the proposals contained in a non-paper – an unofficial document – ​​Germany and the Netherlands advanced in the energy file.” The need for a set of measures, not the implementation of a measure” is the title of the document in which the two countries do not mention the price ceiling for LNG imports but assert that it “can be considered a ceiling for Russian gas via pipeline.”

The energy proposal will be presented to the committee next week. announce it European Commissioner for Energy, Kadri Simsun, speaking to reporters on the sidelines of the extraordinary meeting of the Energy Affairs Council in Prague. There are four tracks on which the Commission will act – he explained -: a deeper reduction in demand, solidarity among EU countries, price intervention and joint gas purchases. “We must bear in mind that it is urgent to intervene but we must do it together, with broad consensus,” Simpson said.

The controversy over the gas price cap is puzzling: Many people speak different types of classes. In terms of importing LNG, few ask for a simple cap on the price, it’s more of an informational discussion. German Undersecretary for Economics and Climate Sven Giegold told the Council for Extraordinary Energy Affairs, “Experts agree that if we set a very low ceiling, we will not have gas anymore. When we talk about pipeline gas, it is different. There is a correlation between market prices Spot and prices in long-term contracts. The issue is to find a way to separate these two prices without further justification.”

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“Everyone agrees that the prices today are crazy. There are many possible solutions. We must be careful because everything we do we must maintain solidarity and cooperation between countries. I think we agree on the diagnosis but the treatment is still a topic of discussion.” This was stated by Minister of Environmental Transformation Roberto Cingolani upon his arrival at the Council on Energy Affairs. “We worked late into the night. Nothing has been decided yet, but today we expect to make progress and the road is long,” he added.

Ike Walton
Ike Walton
"Infuriatingly humble analyst. Bacon maven. Proud food specialist. Certified reader. Avid writer. Zombie advocate. Incurable problem solver."
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