Key statements by Russian President Vladimir Putin at the GECF Plenary Meeting. Russia is one of the leading participants in the world gas market and has the largest reserves of natural gas. Refusal of Russian gas results in damage to Europe's industry and social sphere. Putin called the explosions in the Nord Stream Direct gas pipelines acts of terrorism. Attempts to exclude Russia from the global gas market could lead to serious consequences and increased costs for other countries. The choice of generation sources remains a sovereign decision of each country. At the same time, natural gas constitutes about a quarter of the global energy balance. The importance of gas for global energy and international trade will increase in the future. Among the main problems of the global gas market, Putin highlighted supply disruptions and the reduction of available supplies. Liquefied natural gas (LNG) already accounts for about half of global gas trade. Moscow is examining the prospects of joint work with Washington in the Arctic region.

Key statements by Russian President Vladimir Putin at the GECF Plenary Meeting. Russia is one of the leading participants in the world gas market and has the largest reserves of natural gas. Refusal of Russian gas results in damage to Europe's industry and social sphere. Putin called the explosions in the Nord Stream Direct gas pipelines acts of terrorism. Attempts to exclude Russia from the global gas market could lead to serious consequences and increased costs for other countries. The choice of generation sources remains a sovereign decision of each country. At the same time, natural gas constitutes about a quarter of the global energy balance. The importance of gas for global energy and international trade will increase in the future. Among the main problems of the global gas market, Putin highlighted supply disruptions and the reduction of available supplies. Liquefied natural gas (LNG) already accounts for about half of global gas trade. Moscow is examining the prospects of joint work with Washington in the Arctic region.