The company noted that the events of 2022 strengthened the importance of fossil fuels for the global economy, as evidenced by the growth in demand for coal and oil products, shifting the focus from decarbonization.

“Energy security and availability of energy resources have become a priority again.

At the same time, in September, an unprecedented sabotage on the Nord Stream 1 and Nord Stream 2 offshore gas pipelines further aggravated the situation on the energy market,” the holding said in a statement.

At the same time, Gazprom noted, the level of gas consumption will grow and by 2024 will exceed the figures of 2021 by 20%.

On September 26, Nord Stream 2 AG reported an emergency on the Nord Stream 2 gas pipeline.

On October 31, Russian President Vladimir Putin said that the Gazprom company had examined the sites of explosions at Nord Stream.