Vladimir Putin’s statement at the Gas Exporting Countries Forum

At the plenary session of the Gas Exporting Countries Forum summit, Vladimir Putin stated that Moscow is one of the main players in the global gas market. According to him, Russia ranks first in the world in terms of natural gas reserves and second in production. Putin warned unfriendly states that any attempt to exclude Russia from the market will have serious consequences. 1TV+2

The Russian President noted that European Union countries are dealing a blow to themselves by refusing Russian energy resources. In this regard, 1tv, rustavi2, and interpressnews report that Putin used the proverb: "Do not dig a pit for others, or you will fall into it yourself." rustavi2 and interpressnews also note that, according to Putin, Europe is harming its own industry and social sector not only by refusing energy resources, but also by terminating long-term contracts. 1TV+3

According to Putin's statement, the global gas sector is currently experiencing fluctuations, although prices could decrease as sharply as they increased. As 1tv and interpressnews write, Putin named supply disruptions as the main problem in the market, because significant volumes were lost to the market in a short time, while demand still exists. Putin emphasized the necessity of optimizing transport routes. 1TV+1