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Russian gas 'will come back' to Europe, says Qatari energy minister

2023-01-14T12:15:07.046Z


"Things are repaired over time," said Saad Sherida al-Kaabi this Saturday, during a forum on energy. European countries will eventually resume their imports of Russian gas, predicted this Saturday the Minister of Energy of Qatar, a country among the largest exporters of this hydrocarbon, estimating that the current volatility of the market should continue. European countries largely restricted their supply of Russian gas after Moscow invaded Ukraine in February 2022, a conflict that caused a jolt


European countries will eventually resume their imports of Russian gas, predicted this Saturday the Minister of Energy of Qatar, a country among the largest exporters of this hydrocarbon, estimating that the current volatility of the market should continue.

European countries largely restricted their supply of Russian gas after Moscow invaded Ukraine in February 2022, a conflict that caused a jolt in the global energy market.

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"

Russian gas will come back, in my opinion, to Europe

" even if it now has "

a much greater diversity

" of supply sources, said Qatari Minister Saad Sherida al-Kaabi, also head of QatarEnergy, the company national flag of the gas-rich Gulf emirate.

"

The Europeans say today that it is out of the question

" but "

things are repaired over time

", added the official during an energy forum organized in Abu Dhabi.

Read alsoThe fall in energy prices, a breath of fresh air for the industry

Gazprom's gas exports to the European Union and Switzerland have fallen by 55% in 2022, according to this Russian energy giant, with Europe previously its main market.

This month, the wholesale price of natural gas in Europe fell to its lowest level since Russia invaded Ukraine, thanks to a mild winter that helped save stocks, but analysts put warns against the unpredictability of the market.

"

The situation will remain volatile for some time

," also warned Saad Sherida al-Kaabi, saying that the problem of restocking will arise again next year in Europe.

Source: lefigaro

All news articles on 2023-01-14

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