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Novak: The hasty policies of European officials are the cause of the energy crisis in Europe


Moscow, SANA- Russian Deputy Prime Minister Alexander Novak affirmed that the hasty policies of European officials and short-term


Russian Deputy Prime Minister Alexander Novak stressed that the hasty policies of European officials and their short-sightedness in dealing with basic issues are the reason for the energy crisis in Europe.

Russia Today website quoted Novak as saying in statements today that the European Union and the European Commission, over the past few years, have deliberately rejected long-term gas contracts and insisted on moving to spot deals contracts, stressing that wrong planning and short-term energy policy caused problems for European politicians and they are now trying Transfer it to others.

Novak indicated that his country has enough resources to increase gas supplies to Europe, but increasing investments requires time and money, stressing the need for a transparent sales policy in the European market and the signing of long-term contracts.

Novak explained that Russia implemented all long-term supply contracts last year and delivered more gas to Germany, Turkey and other countries that had booked their orders.

Gas prices in Europe witnessed sharp increases during the past weeks, as futures contracts exceeded the level of 1100 dollars per thousand cubic meters of gas.

Source: sena

All business articles on 2022-01-15

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