UK linked gas price cut to Putin's statement
Gas prices on the world market began to decline significantly after Russian leader Vladimir Putin announced his readiness to help stabilize rising world energy prices, writes the British edition of the Financial Times.
“Market gas prices turned down after Vladimir Putin said that Russia is ready to stabilize skyrocketing world energy prices, which threaten to restrict industrial activity, as well as sharply increase inflation,” the publication said.
On the eve of the price of gas futures in Europe, after reaching a maximum of $ 1937 per thousand cubic meters on October 6, by the end of trading, fell by $ 600. As a result, the cost of gas fell to $ 1258.2, which is almost 10% lower than the calculated price set on October 5.
In addition, on October 6, during a meeting on the state of the global energy market, Russian President Vladimir Putin supported the initiative to increase the volume of gas on the market amid rising energy prices in Europe.
According to the Russian leader, this initiative should be implemented not through the EU spot market, but through the St. Petersburg Stock Exchange. Putin also said that the Russian side has always been and will be a reliable gas supplier for its consumers in Europe and Asia.
