Gazprom Deputy Chairman of the Board of Directors Oleg Aksyutin stated that the natural gas crisis in Europe has several advantages and said, “However, these advantages do not apply to European countries. The real winner of the energy crisis in Europe is the United States, which has increased its shipments of liquefied natural gas (LNG) to the continent.” said.
Aksyutin, St. In his speech at the International Natural Gas Forum held in St. Petersburg, he evaluated the developments in the energy sector.
Explaining that European countries want more predictable natural gas prices, Aksyutin said, “A paradoxical situation has developed in the market. The demand for long-term contracts is increasing due to highly volatile spot prices. End consumers, including those in Europe, want to buy gas at predictable prices.” he said.
Noting that the natural gas crisis in Europe has several advantages, Aksyutin said, “However, these advantages do not apply to European countries. The real winner of the energy crisis in Europe is the USA, which increased LNG shipments to the continent.” said.
Expressing the opinion that LNG shipments in significant volumes for Europe will not start before 2025, Aksyutin said, “The European region needs to compete with Asia for LNG. This will cause supply shortages in global markets and increase the gas price. No one other than Russia offers favorable supply conditions, while Europe offers favorable supply conditions. It cannot provide gas volumes comparable to the Siberian and Yamal sources.” used the phrases.