Russian President Vladimir Putin ordered the country’s energy giant Gazprom to increase the amount of gas entering its storage facilities in Europe “as planned – in Austria and Germany.”

The Vietnam News Agency correspondent in Moscow reported that at the meeting on developing the resource potentials of the Yamal gas fields on October 27, Russian President Vladimir Putin instructed Gazprom Energy Corporation, after completing the work. Pumping gas into underground storage facilities in Russia, must increase the amount of gas for the group’s storage facilities in Europe.

President Putin said: “Aleksey Borisovich (Aleksey Miller – head of Gazprom), I ask you, after completing the pumping of gas into underground storage facilities in Russia, to about 7 or 8 / / 11 must begin to increase the volume of gas entering underground storage facilities in Europe as planned – in Austria and Germany.”
The Russian President said that this will create confidence, stability and rhythm in the implementation of gas supply contracts for European partners in the autumn and winter, and also make the market situation worse. European energy becomes more favorable.

Russia has long been a gas producer and exporter to Europe. The country recently announced that it needs to replenish its gas reserves before adding gas to the European market.

According to the plan, Russia will complete the addition of gas to domestic reserves by the end of this October.
Electricity prices in European Union countries have doubled since the start of this year, while natural gas prices have increased by nearly 800%, raising concerns that rising prices could destabilize the euro area’s economy. area.
Consumer price index in August in the Eurozone countries increased by 3% – the highest level in the past 10 years, accompanied by rising inflation.

Gas shortages have bankrupted 10 energy companies in the UK since the beginning of August. The gas crisis also caused many energy-using businesses to struggle when they had to close factories or limit output.
This risks increasing production costs as well, exacerbating global inflation.

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