European countries will eventually resume their imports of Russian gas, the Energy Minister of Qatar, a country among the largest exporters of this hydrocarbon, predicted this Saturday, estimating that the current market volatility should continue.
European countries heavily restricted their supplies of Russian gas after Moscow invaded Ukraine in February 2022, a conflict that sent shockwaves through the global energy market.
“Russian gas will return, in my opinion, to Europe” even though it now has “a much greater diversity” of sources of supply, said Qatari minister Saad Sherida al-Kaabi, also head of QatarEnergy, the emirate’s national flag company. gas-rich gulf
“Things take care of themselves over time”
“The Europeans say today that it is out of the question” but “things are fixed with time,” the official added during an energy forum organized in Abu Dhabi.
Gazprom’s gas exports to the European Union and Switzerland have fallen by 55% in 2022, according to this Russian energy giant, with Europe as the main market before.
The wholesale price of natural gas in Europe fell to its lowest level since Russia invaded Ukraine this month, thanks to a mild winter that helped save stocks, but analysts warn of market unpredictability.
“The situation will remain volatile for some time,” Saad Sherida al-Kaabi also warned, saying the replenishment issue will come up again next year in Europe.
Source: BFM TV
