Josep Borrell: EU will Need More Russian Gas
Europe is likely to need more Russian gas than has been agreed. This opinion was expressed by the EU High Representative for Foreign Affairs and Security Policy Josep Borrell.
According to him, Russia wants Nord Stream 2 to open. “We still need Russian gas, and we will probably need more than [what is in] the contract,” he said.
Borrell recalled that the Spanish authorities suggested that negotiations on gas purchases should be conducted by the European authorities on behalf of the member states of the community, and not by each country by itself.
“I hope [in the EU] will think about whether the electricity pricing system needs to be changed,” Borrell said. He believes, “It would be wise to rethink the model and see if it fits the circumstances. But this modification takes time, and the situation requires quicker solutions. “
On October 6, the price of gas in Europe during the auction rose to a new historical record, exceeding $ 1,900 per thousand cubic meters. m. At the same time, during the day, she fully won back the growth and dropped below $ 1450 per thousand cubic meters. m, and on October 7, the decline continued below the $ 1000 mark, TASS reports.
Gazprom CEO Alexei Miller previously noted that a strong lag in pumping gas into underground storage facilities in Europe and growing demand have led to the fact that prices for this type of fuel in Europe have broken records and may rise even more in the near future.
