Economy28.10.2021 - 09:59

Vladimir Putin instructed Gazprom to increase the volume of gas in European storage facilities

Vladimir Putin instructed Gazprom, after pumping fuel into underground storage facilities in the Russian Federation, to increase its volume in European underground gas storage facilities.

"This will make it possible to reliably and stably fulfill the company's contractual obligations - to supply European partners with blue fuel in the autumn-winter period. It will also create a more favorable situation in the European energy market as a whole," the Russian president said.

The head of Gazprom, Alexei Miller, replied that the concern would do so, after which Vladimir Putin asked him to report on the progress of this work.

In recent months, the European gas market has been experiencing fluctuations. Back in early August, futures were trading at $ 515 per thousand cubic meters, but by the end of September they more than doubled, and on October 6 they rose to a historic high of $ 1937. This was followed by a decrease, but prices are still quite high. 


Photo: RIA Novosti / Evgeny Paulin

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