Russian President Vladimir Putin called the explosion of the Nord Stream gas pipelines "direct acts of terrorism" and warned of long-term risks to the global gas market. "This is a serious challenge for the gas industry, especially in light of the upheavals it is currently experiencing. As we well know, the situation in the Middle East has escalated. The situation worsened in one of the largest gas production areas in the world. Established logistics networks and supply routes have been disrupted. Direct terrorist acts were carried out against Russian gas pipelines to Europe. They exploded, and some countries imposed restrictions on the purchase of special equipment and technologies. As a result, the global gas industry finds itself in a state of uncertainty. Established business relationships have been shaken, and prices have risen sharply - but we all understand that they may as well fall back to their previous levels. Many investment plans have been frozen, postponed or even canceled altogether. All this, of course, increases the risks of a long-term imbalance in the market. ".