Germany has assessed Russia’s involvement in high gas prices

Economy NewsGermany has assessed Russia's involvement in high gas prices

The head of the Eastern Committee of the German Economy (OAOEV), Michael Harms, praised Russia‘s involvement in rising gas prices in Europe. He told RBC about it.

According to Harms, allegations that Gazprom and Moscow allegedly provoked high gas prices in European countries so that the European Commission could speed up the certification of the Nord Stream-2 gas pipeline are untrue. He stressed that there are global trends, including increasing energy consumption. “In addition, there was a relatively cold winter, which devastated gas storage facilities in both Europe and Russia,” – added the head of the Eastern Committee of the German economy.

Earlier, the head of the Bundestag’s Committee on Economy and Energy Klaus Ernst found a way to reduce the cost of gas in Europe. He said that the launch of Nord Stream-2 as soon as possible would be able to stabilize energy market prices. According to the head of the committee, the increase in the price of gas is not related to the actions of Gazprom. This was stated by the German government. Klaus Ernst stressed that the Russian energy supplier has fulfilled all its obligations under the contracts. The European Commission agrees with the policy. Earlier in October, the EU executive issued a statement stressing that Gazprom had fulfilled all its contractual obligations.

At the same time, the European Commission still links the rise in prices with the actions of the Russian company. According to the report, Gazprom did not offer any additional supplies beyond the agreements to alleviate the situation on the European energy market. According to the report, gas supplies from Russia to Europe were lower than expected.


Latest news

You might also likeRELATED
Recommended to you