Russia: We have no role in European gas market crisis

Eren Sengezer FXStreet

A Kremlin spokesperson said on Wednesday that Russia has no role in the unprecedented increase in energy prices in Europe, as reported by Reuters.

Additional takeaways

"There are several reasons behind gas prices surge in Europe, including economic recovery, higher energy demand, low level of gas storage."

"Lower gas supplies to spot market in Europe, lower wind power generation are also factors which drive gas prices higher in Europe."

"Russia has repeatedly said it is ready to discuss new long-term contracts for gas delivery to Europe."

"Gazprom is in constant contact with its customers."

"Gazprom meets requests for additional gas supplies."

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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