Head of the Bundestag Committee on Economics and Energy Claus Ernst has found a way to reduce the cost of gas in Europe. As he stated in a conversation with TASS, the speedy launch of the “Northern Flow-2” will be able to stabilize the prices of energy market.
politician noted that the increase in the cost of gas in the European Union (EU) is caused by various factors. The rise in prices affected the reduction of gas supplies to Europe and an increase in Asian countries. Klaus Ernst reported that after an unusually long heating period in the winter of 2020, the gas storage facility was empty. “In addition, CO2 emissions tax leads to the rise in the cost of gas, and the total demand after the coronavirus crisis in the light of economic recovery has increased again,” politician told.
According to the head of the Committee, the increase in the cost of gas is not related to the actions of Gazprom. The Government of Germany also stated this. Claus Ernst stressed that the Russian energy supplier fulfilled all its obligations under contracts. Opinion the policy agrees and the European Commission. Earlier in October, the EU executive body published a message in which he stated that Gazprom fulfilled all contractual obligations.
At the same time, the European Commission still connects the rise in prices with the actions of the Russian company. As stated in the report, Gazprom did not offer any additional deliveries over agreements to facilitate the situation at the European Energy Engineering. As noted in the message, gas supplies from Russia to Europe were lower than the expectations.