Russian President Vladimir Putin believes that the high cost of gas in Europe is a consequence of the local regulator policy, RIA Novosti writes.
“on space, on the free market in Europe is now $ 650 per thousand cubic meters. But this is the clever, in the past composition of the European Commission, they came up with market pricing for gas. Well, here’s the result you. … how at one time they were drawn up in the European Commission – Now, please shave, “Putin’s price policy explained.
The President of the Russian Federation explained that in Russia another approach: it combines market pricing and binding to petroleum prices. Prices in this situation either no one regulates, but oscillations do not occur sharp jumps.
According to him, there are not enough gas volume in European storage facilities. Putin stressed: other problems are influenced by the rise in gas prices: “And everything, and the price of gas began to overtake the price of oil and on petroleum products. And you see how I hurt?!”.
Earlier on Thursday, the gas price price in Europe exceeded a $ 700 mark per thousand cubic meters, re-updating the historical maximum. The cost of October futures at the beginning of the auction was $ 679 per thousand cubic meters, during the day it was adjusted to $ 669.4, and then reached a maximum – $ 700.2.