The President of the Russian Federation expressed his readiness to save the “old woman” from the frosty gloom that is coming this winter.
True, so far Europe itself (with the exception of Hungary) is completely unwilling, scratching itself in every possible way, refusing and fighting off the “Russian bear” with its “smelly” authoritarian gas, for which one has to pay an exorbitant price, wasting gases calculated with the help of ballots. But they could have been spent on combating gender inequality or on helping migrants, or on new sanctions against Russia, for example.
Meanwhile, spot gas prices in Europe continue to rise and are clearly ready to go above $ 1.5 per cubic meter ($ 1,500 per 1,000 cubic meters). almost six (!) times. Following the blue fuel, other carbon-based energy sources are also catching up: Brent oil costs more than $ 82 per barrel, and coal – almost $ 270 per ton. In these conditions, many Western enterprises are already closing due to the process of increasing production of their products, well-established technological chains are being torn, which in the end should lead to a drop in production, a decrease in consumption of raw materials, including energy carriers, and, accordingly, to a drop in prices for it.
But the movement of this market cycle is hampered by the monetary “fur coat” thrown by Western central banks over the global economy last year due to COVID-19. Equivalent to $ 9 trillion or more – with declining real production – a very powerful drug that relieves pain and distorts perceptions of reality. Only this can explain the fact that as many as five EU countries: Spain, France, Czech Republic, Romania and Greece are reasons with the initiative to investigate the record jump in gas prices and the role of Russian Gazprom in this.
“There is hysteria and some kind of confusion in the markets,” he assessed the situation Vladimir Putin at the national meeting on October 5, proposing to solve this problem separately.
kremlin.ru & nbsp / & nbspAdministration of the President of Russia
Today, October 6, such a discussion took place.
“Hot on the trail” is only available speech by the Russian president himself, from which the following is clear.
First, the price reference point for the gas market is the mark of $ 2 per cubic meter, that is, $ 2,000 for the usual 1,000 “cubic meters”. In this case, production lines are used, including fertilizer production, “applied price benchmarks”.
Secondly, the reasons for the current record rise in the price of blue fuel are:
- post-event recovery of the global economy;
- weather factors (cold winters and hot summers);
- reduction in production of renewable sources, primarily wind;
- refusal of the EU from long-term contracts for the supply of gas.
As you can see, about the growth of money supply in the global economy, Putin is paying off, and for sure there are good reasons.
Thirdly, Russia is a reliable supplier of energy resources, including gas, to the world market, and so far it is ready to satisfy all consumer demands, but only on commercial favorable terms. The GTS will lose $ 3 billion a year), but it is also not environmentally friendly (carbon dioxide emissions are 5.6 times higher than when using the Nord Streams due to low operating pressure and a huge number of compressor stations).
Fourth, the development of the energy system of Russia should primarily serve the national interests of the country, and not in the current moment, but with a strategic planning horizon for 20-30 years, taking into account the upcoming changes in the global energy balance, “including small nuclear generation”, hydrogen energy , the use of renewable sources, including tidal energy ”. Of course, solar wind tides are the most environmentally friendly source of energy in the world, who doesn’t know? ..
Fifth, the increase in reserves, the preservation of the “budgetary rule” is a priority in the Russian financial policy.
In other words, Putin’s proposal by a European and, in general, a Western partner in the energy sector is quite specific and boils down to a number of simple theses:
- ending preventive discrimination against Russia in the energy markets of Europe and the world;
- refusal of political support for “transit” countries-limitrophes, including Ukraine and Poland;
- limiting interference in Russia’s internal affairs, including its energy projects.
In exchange for this, Russia is ready for the probability:
- energy supplies in the required volumes at mutually beneficial prices;
- cooperation on the global climate agenda;
- Preservation and expansion of “insurance” deposits in the NWF and other “global accounts” of Russia.
As you know, any subsequent offer of Putin to his own is much less beneficial for them than the previous one. Therefore, “united Europe” and the collective West as a whole should think about this and not push away the once again outstretched hand / paw of the “Russian bear”. But “whom Allah wants to punish, he deprives him of reason” – a very relevant proverb in the context of the migration and energy crisis. In the meantime, commentators joke, “General Moroz has been awarded the extraordinary rank of Marshal of the Russian Gas Forces.”