Fossil Energy – Russia
President Vladimir Putin on Friday denied Russia had anything to do with Europe’s energy crisis, saying that if the European Union wanted more gas it should lift sanctions preventing the opening of the Nord Stream 2 pipeline.
Speaking to reporters after the Shanghai Cooperation Organisation summit in Uzbekistan, Putin blamed what he called ‘the green agenda’ for the energy crisis, and insisted that Russia would fulfil its energy obligations.
“The bottom line is, if you have an urge, if it’s so hard for you, just lift the sanctions on Nord Stream 2, which is 55 billion cubic metres of gas per year, just push the button and everything will get going,” Putin said.
Nord Stream 2, which lays on the bed of the Baltic Sea almost in parallel to Nord Stream 1, was built a year ago, but Germany decided not to proceed with it just days before Russia sent its troops into Ukraine on Feb. 24.
European gas prices more than doubled from the start of the year amid a decline in Russian supplies.