9,139.10 TRY BIST 100 BIST 100
5.34 CNY CNY CNY
43.72 EUR EUR EUR
38.60 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
46.94 TRY Interest Interest
61.40 USD Fossil Oil Fossil Oil
41.06 USD Silver Silver
4.69 USD Copper Copper
96.33 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,178.85 TRY Gold (gr) Gold (gr)

Gazprom: The accusations are strange

"It is strange for us to hear accusations that we are causing gas prices to rise in Europe," said Elena Burmistrova, Head of Gazprom Export.

Gazprom: The accusations are strange

Burmistrova, who attended the Flame energy and natural gas conference held in Amsterdam online, stated that Gazprom has increased its gas exports to its European customers.

Noting that Gazprom wants to see the European market as balanced and predictable, Burmistrova said, "In this context, it is strange for us to hear accusations that Gazprom's actions cause gas prices to rise in Europe."

Emphasizing that Gazprom is not interested in low or record natural gas prices, Burmistrova said: "Record gas prices lead to a decrease in gas demand in Europe, which clearly contradicts our interests as producers and suppliers." he said.

Burmistrova pointed out that since the beginning of the year, the EU's own gas production has fallen by 10 billion cubic meters and the supply of LNG to the European market has decreased sharply.

Natural gas prices in Europe have increased sharply in the last 3-4 months. On October 6, futures traded at a historic high of $1937.

Experts say that low storage capacity, limited supply from Russia and high LNG demand in Asia are driving up natural gas prices.

On October 27, Russian President Vladimir Putin instructed Gazprom to increase the amount of fuel pumped into underground storage facilities in Europe. Then gas prices in Europe began to fall.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

China calls on ASEAN countries to deepen cooperation

Tuesday, May 6, 2025

Türkiye's iron and steel exports on the increase in March

Monday, May 5, 2025

Trump: I'm willing to lower tariffs on China

Monday, May 5, 2025

Japan's tariff message to the US: No common ground, demand for review continues

Sunday, May 4, 2025

EU and US sanctions message to Russia: 17th package on the way

Friday, May 2, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now