Following Russian President Vladimir Putin’s statement that he is ready to help stabilise rising energy prices, the cost of gas on the world market has begun to fall markedly, experts have noted the British newspaper Financial Times
Russian leader Vladimir Putin held a meeting on energy issues on Wednesday in which he spoke in support of the initiative to increase the supply of gas on the market amid a significant increase in energy prices on European markets. According to the preфsident, this should be done through the St Petersburg exchange instead of the EU spot market.
“Let’s do it, let’s discuss it. If it will bring down the rush of demand, it can be done. Not to our detriment, of course”, – Putin said.
The Financial Times notes that after this statement, the price of the blue fuel, which this week rose to a level ten times higher than at the beginning of 2021, began to fall sharply. At the close of trading on the ICE exchange, the price of gas dipped below $1,250 per thousand cubic meters, well below Wednesday’s all-time high of $1,920 per thousand cubic meters.