Russia is being squeezed out of the gas market, although there is not enough gas in Europe, Vucic said
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Russia is being squeezed out of the gas market, although there is not enough gas in Europe, Vucic said
Russia is being squeezed out of the gas market, although there is not enough gas in Europe, Vucic said – RIA Novosti, 11/29/2021
Russia is being squeezed out of the gas market, although there is not enough gas in Europe, Vucic said
Russia, including with the Nord Stream 2 project, is being squeezed out of the natural gas market, while Europe lacks 70 billion cubic meters of this RIA Novosti, 11/29/2021
2021-11-29T01: 57
2021-11-29T01: 57
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BELGRADE, November 29 – RIA Novosti. Russia, including with the Nord Stream 2 project, is being squeezed out of the natural gas market, while Europe lacks 70 billion cubic meters of this fuel, said Serbian President Aleksandr Vucic. Sochi, where they had a conversation on a wide range of issues. As a result of the Serbian, it is reported that an understanding has been reached on the increase and flexibility of supply. Gas pipeline from Bulgaria to Hungary. Thank you so much for respecting the price of Serbia and giving (in 270 – ed.) for six months, because he cannot give in a long-term agreement now and will hardly give in the future, “Vucic noted. the price of gas relative to the market in six months will save 300 million euros, and indirectly – a billion. we have always been, but it will not be so. The best, and I guarantee you we will have the lowest price in Europe. , despite the fact that the price of gas on the exchange is now $ 1,065 per 1,000 cubic meters. “And the oil formula at a price of 82-83 dollars per barrel of oil gives 270-275 dollars per thousand cubic meters of gas. If you look at the analyzes on futures and everything else, the situation is not easy,” the head of the Serbian state summed up. cubic meters of this gas through a pipe through Ukraine and Hungary. The official launch of Russian gas into the Serbian gas transmission system through Bulgaria from the Turkish Stream gas pipeline took place on January 1. will cover Serbia in natural gas. The project itself is designed for an annual volume of up to 12.4 billion cubic meters of gas for Serbia and the EU countries. The Nord Stream 2 project involves the construction of a gas pipeline with a capacity of 55 billion cubic meters per year from the Russian coast through the Baltic Sea to Germany. The project is actively opposed by the United States, which is promoting its liquefied natural gas to the EU, as well as Ukraine, which is threatening to lose transit. The United States imposed sanctions against Nord Stream 2, demanding that the company stop laying the gas pipeline. The Russian Federation has repeatedly noted the mention of “Nord Stream 2” in the context of any politicization, it is beneficial to both Russia and the European Union.
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Russia is being squeezed out of the gas market, although there is not enough gas in Europe, Vucic said
“We have built a main gas pipeline with a length of 402 kilometers, and Serbia now has it. – Ed.) For six months, because it cannot give in a long-term agreement now and will hardly give in the future,” said Vucic.
Earlier, he reported that at the current gas price relative to the market price, it would be possible to save 300 million euros in six months, indirectly a billion. Serbian Minister Sinisa Mali called the price of natural gas, announced by Vucic after a meeting with Putin, the lowest in Europe.
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According to him, when calculating the transfer to Serbia, the “oil formula” was applied, given that the price of gas on the exchange is now 1,065 per 1,000 cubic meters.
“And the oil formula at a price of 82-83 dollars per barrel of oil gives 270-275 dollars per thousand cubic meters of gas. The question is whether it will be so good in 2024, if you look at futures and everything else – the situation is not easy,” the head of the Serbian state summed up …
As RIA Novosti was informed in the Gastrans operator company, at the first stage, the gas pipeline will transport about 4 billion cubic meters of gas per year, which will fully cover Serbia’s needs for natural gas. The project itself is designed for an annual volume of up to 12.4 billion cubic meters of gas for Serbia and the EU countries.
Yesterday, 16:57
Expert calls acceleration of Nord Stream 2 certification unlikely