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President Putin Offers Gas Supply To Europe Amidst Failed Relationship

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President Putin Offers Gas Supply To Europe Amidst Failed Relationship

Umar Faruq Tajudeen by Umar Faruq Tajudeen
December 30, 2022
in Europe
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President Putin Offers Gas Supply To Europe Amidst Failed Relationship

Photo Credit: Getty Image

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Russia is ready to deliver additional volumes of natural gas to the European Union in the autumn-winter period, President Vladimir Putin said Wednesday.

One of the two branches of the Nord Stream 2 pipeline has survived the recent leak incident and Russia is willing to send gas through it to Europe, Putin said at the plenary session of the โ€œRussian Energy Weekโ€ international forum in Moscow.

โ€œIts capacity is 27.5 billion cubic meters per year, which is about 8 percent of all gas imports of Europe. Russia is ready to start such deliveries. The ball is on the side of the European Union,โ€ he said.

Russia could also transfer the lost volumes through the Nord Stream pipelines to the Black Sea region and create key supply routes to Europe via Tรผrkiye, โ€œif, of course, our partners are interested in this,โ€ he added.

At the forum, Putin expressed concerns about unstable energy prices and an imbalance in supply and demand, and he criticized certain countries โ€œwho are guided solely by their own geopolitical ambitions, resort to outright discrimination in the market.โ€

He called the sabotage of the Nord Stream 1 and 2 gas pipelines โ€œan act of international terrorism.โ€

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Putin said that those behind the sabotage sought to break ties completely between Russia and the European Union, weaken Europeโ€™s industrial potential and seize the market.

SOURCE: Xinhua News

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Umar Faruq Tajudeen

Umar Faruq Tajudeen

I'm a member of Forsige covering topics on politics, sport, and conflicts relating to Africa, America, Europe, and partially Asia.

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