The price situation in the global gas market may change rapidly in the future, but today it shows signs of a long-term imbalance, says Russian President Vladimir Putin at the opening of the 28th ministerial meeting of the Gas Exporting Countries Forum, the head of state noted that the current gas prices are the result of a supply shortage caused by a supply disruption from the Middle East and an earlier decline in pipeline exports from the Russian Federation. "Prices have risen sharply, but you and I understand that they can also reverse sharply and return to their previous level," Putin said. He noted that companies, due to uncertainty, are forced to postpone investment plans to a later date or cancel them: "All this, of course, increases the risks of a long-term imbalance in the market."

The price situation in the global gas market may change rapidly in the future, but today it shows signs of a long-term imbalance, says Russian President Vladimir Putin at the opening of the 28th ministerial meeting of the Gas Exporting Countries Forum, the head of state noted that the current gas prices are the result of a supply shortage caused by a supply disruption from the Middle East and an earlier decline in pipeline exports from the Russian Federation. "Prices have risen sharply, but you and I understand that they can also reverse sharply and return to their previous level," Putin said. He noted that companies, due to uncertainty, are forced to postpone investment plans to a later date or cancel them: "All this, of course, increases the risks of a long-term imbalance in the market."