Putin Says 'very Important' To 'stabilize' Gas Market
Moscow, (UrduPoint / Pakistan Point News - 13th Oct, 2021 ) :Russian President Vladimir Putin said Wednesday it was "very important" to stabilize the gas market, as Europe faces a gas crisis ahead of winter due to a surge in prices and a drop in reserves.
Speaking at an energy forum in Moscow, Putin said it was "very important" to "suggest a long-term mechanism to stabilize the energy market" in what he called a "difficult situation." He add that there were "systemic flaws" in the European energy market.
Some in Europe have accused Moscow of intentionally not boosting supplies to put pressure on the continent, both to push for more long-term contracts and the certification of the controversial Nord Stream 2 pipeline.
"There is an opinion that high quotas play into the hands of raw material producers, but these people do not understand what they are talking about," Putin said.
Russian officials have repeatedly said over recent weeks that suppliers are fulfilling obligations under Russia's contracts with European buyers.
Demand on the continent is rallying as economies ramp up after the end of pandemic lockdowns and there are dips in supplies from renewables like wind.