“We have achieved a reduction in this dependence from 40% to 7% ... This forces us to look for other suppliers, to rely on non-carbon energy,” RIA Novosti quotes him.
According to Borrell, Europe sees these opportunities in Latin America.
Earlier it was reported that the price of gas in Europe fell below $1,000 per 1,000 cubic meters.
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Igor Yushkov, an expert at the Financial University under the Government of Russia, a leading analyst at the National Energy Security Fund, in an interview with RT, called the decline in gas prices in Europe "the calm before the storm."
The head of Gazprom, Alexei Miller, expressed the opinion that gas reserves in European UGS facilities by the spring of 2023 could amount to only 5%.