Anomalous gas prices in Europe are associated with postpandemic recovery of countries and an increase in energy demand all over the world. This was announced in an interview with RBC Special Representative of Russian President Vladimir Putin on Climate Ruslan Edelgeriev.
He appreciated the risks of the explosion of the price bubble in the European oil and gas market and stressed that prices reflect the real market situation. “I don’t think this is a bubble. We are not talking about the financial pyramid and something virtual, there is clearly – demand and supply. Today the proposal is less than demand,” said the special representative.
Edelgriyev noticed that price fluctuations could be associated with speculative moments and political statements, but in general – “this is a question of supply and suggestions.” “A number of high-ranking officials in Europe expressed that Russia fulfills its obligations under contracts [for gas supply] and is not guilty of this price jump,” he concluded.
Earlier, the head of Rosneft, Igor Sechin, said that the real crisis was due to a combination of a number of different factors. One of them is disturbed global supply chains, which were not ready for jumps of supply and demand. At the same time, the supply of both finished goods and raw materials are broken. The global deficit of the supply of raw materials, which is now observed in the energy sector, in turn, began to spread to other industries, he stressed.