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Russia has exacerbated Europe’s oil shortages which have caused prices to rise for 13 years by quietly banning consumer sales, according to observers and experts.
The pipeline production of natural gas from the Russian government-run Gazprom to Continental Europe has dropped by almost one-fifth in 2021 on previous treatments despite a significant increase in demand and less oil. This imbalance has helped to export prices to Europe at a higher rate since 2008, increasing energy efficiency at home and in businesses.
The rise in prices comes at a time when relations with Russia and the West are already strained. On Wednesday, Russia said its troops fired a warning shot to a British destroyer on the Crimean coast, the UK says it refused. Meanwhile, Germany and France sought this week to end the conflict with Russia, and asked for a the new EU system closely connected with Moscow.
Electricity officials and experts say that while Gazprom achieves its temporary compliance, their unwillingness to extend it to Europe through the same time as the market is causing problems in the market.
“Gazprom is simply trying to increase its profits at a time when local prices are high, air storage facilities are lacking and LNG demand in Asia is strong,” said a senior German company official. “He’s just taking advantage of it.”
Gazprom has stated in a statement that it “provides air exactly according to customer requirements”. “It is based on the same requests and the potential for increased corporate capacity to enable the books to run the system in other ways,” he added.
Stakeholders in several companies say Gazprom’s actions appear to have been designed to support prices and may force EU governments to ratify them. opposing pipeline Nord Stream 2 to Europe.
“Gazprom is saying goodbye to the EU: give us the green light of Nord Stream 2 and we will send you all the gas you need,” said Tom Marzec-Manser, the leading European oil expert at ICIS.
“Do not, and we will not. We are not exporting extra oil through Ukraine and you have also seen the meaning of prices for global sales [liquefied natural gas] market, ”he added.
Nord Stream declined to comment.
The Nord Stream 2 pipeline, which is nearing completion, has faced US economic and legal sanctions as well as opponents from Eastern European countries, who have said they have increased Russia’s power to contract.
Pipeline, crossing the Baltic Sea directly to Germany,
it also passes through Ukraine, which relies heavily on oil bills
from Russia to contribute to its economy. Russia has backed a proxy war on
The eastern part of Ukraine since 2014, when Moscow invaded Crimea.
Germany has long been a supporter of the Nord Stream 2 project. It is expected to approve the launch of the pipeline by the end of this year after Biden management removed some of the penalties against the pine operator admittedly that Washington could not finish it. But Germany’s election in September could bolster Green’s party, which opposes the pipeline.
Ronald Smith, chief oil and gas explorer at BCS in Moscow, said: “Can we say that Gazprom, it seems, is not quick to commit to providing some unregistered data [gas supplies] through Ukraine. ”
Murray Douglas, of the logging company Wood Mackenzie, said he was surprised that Russia had not started exporting goods through Ukraine earlier this year, but said Gazprom’s views could be flawed.
“In previous years Covid, Gazprom was developing its market in Europe and providing what it needed, but perhaps it is difficult to export large quantities through Ukraine today is very difficult,” he said.
Gazprom’s proposal is not the only reason for the increase but has increased the meeting, analysts said. The cold winter season has reduced Europe’s greenhouse gas emissions to the lowest level in nine years, with demand from natural gas instead of charcoal boosted by a meeting on EU carbon emissions exceeding € 50 per tonne.
Globally air is scarce, since most LNG supplies go to Asia and not to Europe. But Russia seems to be one of the world’s most powerful countries in terms of reducing the summit.
The researchers say the ban on selling in the stock market is in stark contrast to Gazprom’s previous gas-supply systems. Russia’s approach could be changed to that of Opec, an oil company Moscow has partnered with since 2016 to control oil and oil prices.
Elena Burmistrova, Gazprom’s chief marketing officer, denied last month that the process had changed but acknowledged that there were requests for more volume. He also said in May the company “will be able to add more” and “the installation of the Nord Stream 2 oil pipeline”.
Marzec-Manser at ICIS said it was his view that Gazprom was “using the current situation in the world to achieve its goals”.
“They could have solved the problem but decided not to. It is difficult to say that additional remittances through Ukraine will be too high if prices are too high. It is making industry workers realize that there is more to come.”
Additional reports of Henry Foy in Moscow and Nathalie Thomas in Edinburgh
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