Putin: A record level of Russian gas supplies by the end of 2021

Moscow-Sana

Russian President Vladimir Putin confirmed today that Russian gas supplies to the world market will reach a record level by the end of this year.

"Moscow fully fulfills its contractual obligations to its partners, including Europe, and guarantees uninterrupted gas supplies on the world market," TASS news agency quoted Putin as saying at a plenary session of the Russian Energy Week forum, expressing his country's readiness to discuss additional measures.

On the rise in gas prices in Europe, Putin said: “The reason for this is the lack of electricity, not the other way around,” calling not to mix things up as some partners are trying to do, in addition to covering up their mistakes.

Putin pointed out that Russia is a responsible member of “OPEC Plus” and is based on the assumption that “the agreement will be valid until the end of 2022.”

The Russian company Gazprom confirmed last month that it is exporting gas to the European market in full compliance with contractual obligations and is also seeking to meet requests with additional supplies according to the available capabilities.

In a related context, Putin suggested the possibility of oil prices reaching the level of $100 a barrel, pointing out that his country does not allow sharp price jumps in the oil market.