Jan 15, 2022
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Novak called the condition for increasing gas supplies to Europe

Russia can supply more gas to the European market, there are resources for this, but long-term contracts are needed for this. This statement was made on the air of the Russia-1 TV channel by Deputy Prime Minister Alexander Novak.

“Any production is an investment project that takes time for this project to pay off and attract investments,” Novak emphasized.

In this regard, according to the Deputy Prime Minister, a transparent marketing policy and long-term contracts are required.

Alexander Novak also drew attention to the fact that last year the Russian side fulfilled all its obligations under long-term contracts for gas supplies to Europe.

“Moreover, we delivered much more to Germany, to Turkey, to other countries that chose their volumes,” he said.

In the meantime, European underground gas storage facilities have been emptied by more than 50%, and reverse gas supplies from Germany to Poland via the Yamal-Europe gas pipeline have decreased by more than five times.

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