Brussels, Oct 4 (EFE) .- The “tension” experienced by the world market in gas prices “is not temporary,” said the high representative for Foreign and Security Policy of the European Union (EU), Josep Borrell , in statements to four Spanish media, including Efe.
“The issue worries everyone because I believe that the tension in gas prices is not a temporary thing,” Borrell said in a telephone connection from Abu Dhabi, the intermediate stop of his first tour of the Gulf, which began on Thursday in Doha and ends today in Riyadh.
That “tension that exists in the energy markets and in particular in the gas markets” was the subject of conversation in some of his meetings with leaders of the Gulf, but Borrell pointed out that it was not part of his agenda in this visit to Qatar, that It is the world’s largest supplier of gas, to the United Arab Emirates and Saudi Arabia.
On the other hand, the vice-president of the European Commission pointed out that “there is no breach of contract that we have verified by Russia in the supply of gas.”
Russia is the main gas supplier to Europe and it was recently revealed that Russian gas giant Gazprom did not reserve additional gas transit capacities through Ukraine, which pushed the price of the gas futures market in Europe for October above the 900 dollars for every thousand cubic meters.
“A good part of the problem we have is that this summer has been very hot and without wind and we have had to draw on gas and coal because renewables were not enough and in winter renewables, at least solar ones, are less efficient”, explained the former Spanish minister.
And, he continued, “if the winter is very cold, there may be a need to have a greater supply of gas than expected, since gas reserves in Europe today are, everyone knows, at a minimum.”
Regarding Russia, he also added that Moscow “is waiting for us to open Nord Stream 2.”
Russia is building two pipelines that bypass Ukrainian territory to bring gas to Europe, the Nord Stream 2, which connects directly with Germany, and the TurkStream, which will bring Russian gas to Turkey and also Central Europe and the Balkans.
Disclaimer: This article is generated from the feed and not edited by our team.
