Energy crisis, gas, Ukraine - what Putin talked about at Russian Energy Week

https://sputnik-georgia.ru/20211013/energokrizis-gaz-ukraina–o-chem-govoril-putin-na-rossiyskoy-energeticheskoy-nedele-260523869.html

Energy crisis, gas, Ukraine – what Putin talked about at Russian Energy Week

Energy crisis, gas, Ukraine – what Putin talked about at Russian Energy Week

According to the President of the Russian Federation, energy reserves in Russia are unlimited, planetary in nature 10/13/2021, Sputnik Georgia

2021-10-13T20:30+0400

2021-10-13T20:30+0400

2021-10-13T20:30+0400

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Russian President Vladimir Putin addressed the plenary session of the Russian Energy Week in Moscow on Wednesday. The President spoke about the record growth in world prices for fuel, gas transit through Ukraine, the Nord Stream 2 pipeline. The main statements of the leader are quoted by RIA Novosti. Energy crisis in Europe Record rise in gas prices in Europe is caused by a shortage of electricity, and not vice versa, said the President of Russia. According to him, after the last cold winter, many European countries did not begin to replenish their fuel reserves before the new season. They counted on spot deliveries and thereby “pushed prices upward.” It was they who led to a large-scale crisis, the president explained. According to the Russian leader, the situation on the gas market – primarily the European one – does not yet look “balanced and predictable.” The reason for this is that not everything in this industry depends on producers. “Gas consumers play an equally, if not large role here,” the head of state specified. Contractual obligations Putin stressed that Moscow fulfills all contractual obligations to partners, including European ones, ensuring uninterrupted fuel supplies. “There are all preconditions for the fact that by the end of the year we will reach a record volume of gas supplies to the global market,” Putin said. Russia as a whole has increased gas supplies to Europe by 15%, and is ready to increase them more, he noted. According to him, other suppliers, on the contrary, reduced supplies by 14 billion cubic meters – half of which falls on the United States. Transit through Ukraine The Ukrainian gas transportation system may not cope with a further increase in transit, Putin said. He recalled that Gazprom has already increased pumping through the Ukrainian gas transportation system: this year it will exceed contractual obligations by about ten percent. there, if the pressure is increased, it will burst altogether, Europe will completely lose this route, “the president explained. According to various estimates, the deterioration of the gas transportation system of Ukraine is about 80-85%, he noted.” To pump, firstly, you need to bring this system This concerns us and consumers in Europe. This also applies to Ukrainian operators. This is the first thing. Secondly, we must understand how much we can sell. This is a very important issue, “the head of state continued. Russia is ready after In 2024, to extend transit obligations and, if economic and technological conditions are created, even to increase it, he said. “We are ready to keep this contract. & L t; … & gt; But we must understand: how much will they buy from us? “- the president added.” Nord Stream 2 ” He called it nonsense and nonsense, which has no foundation. In his opinion, the launch of a new gas pipeline could reduce tensions on the European gas market, but administrative barriers, including the EU’s Third Energy Package, do not allow it. According to him, the pipeline should be filled in June, Nord Stream 2 AG, which built the pipeline, applied to the German federal agency BNA to be certified as an independent operator. Resource reserves and production By 2035, Russia expects to increase LNG production to 140 million tons per year and occupy 20% of the world market. in global supplies of petrochemical products they plan to increase from the current one percent to seven. “According to forecasts of experts, on the horizon of 25 years, the share of hydrocarbons in the world energy balance may decrease from the current 80-85% to 60-65%. At the same time, the role of oil and coal will decrease. & lt; … & gt; But the role of natural gas as the most environmentally friendly, transitional type of fuel will grow, including the development of liquefied gas production, “the leader noted. According to him, energy reserves in Russia are of unlimited, planetary nature.” Only one “Gazprom “- over 500 billion cubic meters of gas. And the production is growing. And it will grow further, because the reserves of only one “Gazprom” – over 35 trillion cubic meters of gas, “- said Putin.

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According to the President of the Russian Federation, energy reserves in Russia are unlimited and planetary.

Russian President Vladimir Putin addressed the plenary session of the Russian Energy Week in Moscow on Wednesday. The President spoke about the record growth in world prices for fuel, gas transit through Ukraine, the Nord Stream 2 pipeline. The main statements of the leader are quoted by RIA Novosti.

Energy crisis in Europe

The record rise in gas prices in Europe is caused by a shortage of electricity, and not vice versa, the Russian president said. According to him, after the last cold winter, many European countries did not begin to replenish their fuel reserves before the new season. They counted on spot deliveries and thus “pushed prices up” even more.

From Putin’s point of view, over the past decade, systemic flaws have been built up in European energy, step by step. It was they who led to a large-scale crisis, the president explained.

According to the Russian leader, the situation on the gas market – primarily the European one – does not yet look “balanced and predictable.” The reason for this is that not everything in this industry is manufacturer-specific.

The world is rapidly becoming more expensive “unnecessary goods”: Russia will earn billions

“Gas consumers play no less, if not a big role here,” the head of state said.

Contractual commitments

Putin stressed that Moscow fulfills all contractual obligations to partners, including European ones, ensuring uninterrupted fuel supplies.

“There are all the prerequisites for reaching a record volume of gas supplies to the global market by the end of the year,” Putin said.

Russia as a whole has increased gas supplies to Europe by 15%, and is ready to increase them further, he said. According to him, other suppliers, on the contrary, have reduced supplies by 14 billion cubic meters – half of which falls on the United States.

Transit through Ukraine

The Ukrainian gas transportation system may not be able to cope with a further increase in transit, Putin said. He recalled that Gazprom has already increased pumping through the Ukrainian GTS: this year it will exceed contractual obligations by about ten percent.

“It is impossible to increase any more. Everyone is hinting to us: increase supplies through Ukraine. It is dangerous to increase. The GTS has not been repaired there for decades, there, if the pressure is increased, it will burst altogether, Europe will completely lose this route,” the president explained.

Yushkov: how Europe got gas for $ 2,000 - video - Sputnik Georgia, 1920, 11.10.2021

Yushkov: how Europe got gas for $ 2,000 – video

According to various estimates, the deterioration of the gas transportation system of Ukraine is about 80-85%, he noted.

“To pump, firstly, we need to bring this system into a normative state. This concerns us and consumers in Europe. This also applies to Ukrainian operators. This is the first thing. Secondly, we must understand how much we can sell. This is very an important question, “the head of state continued.

Russia is ready to extend transit obligations after 2024 and, if economic and technological conditions are created, even to increase it, he said.

“We are ready to keep this contract. But we must understand: how much will they buy from us?” The president added.

Nord Stream 2

He called the statements that Moscow is building Nord Stream 2 not for economic gain, but to “deprive Ukraine of transit,” nonsense and nonsense, which has no basis whatsoever.

“The opponents of this project said that (it is) economically unprofitable, it is politically motivated, Russia will only lose from this, but for political reasons – in order to bypass Ukraine – they are building both Nord Stream and Nord Stream 2,” and “Turkish Stream.”

In his opinion, the launch of a new gas pipeline could reduce tensions on the European gas market, but administrative barriers, including the EU’s Third Energy Package, prevent this from happening.

According to him, the pipe must also be filled by an alternative supplier, or its section in the territory of the European Union must belong to a third-party organization. In June, Nord Stream 2 AG, which built the pipeline, applied to the German federal agency BNA to be certified as an independent operator. As noted by Putin, the German regulator has not yet made a decision on this issue.

Resource reserves and their extraction

By 2035, Russia expects to increase LNG production to 140 million tons per year and occupy 20% of the world market. They plan to increase the share in global supplies of petrochemical products from the current one percent to seven percent.

Gas pressure gauge.  Archival photo - Sputnik Georgia, 1920, 08.10.2021

Yushkov: who is really to blame for Europe’s energy crisis?

“According to experts’ forecasts, on the horizon of 25 years, the share of hydrocarbons in the world energy balance may decrease from the current 80-85% to 60-65%. At the same time, the role of oil and coal will decrease. But the role of natural gas as the most environmentally friendly clean, transitional fuel will grow, including the development of the production of liquefied gas, “- said the leader.

According to him, the reserves of energy resources in Russia are of unlimited, planetary nature.

“Only one” Gazprom “- over 500 billion cubic meters of gas. And production is growing. And it will grow further, because the reserves of only one” Gazprom “- over 35 trillion cubic meters of gas,” – said Putin.

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