On October 27, local time, Russian President Vladimir Putin instructed Russian state-owned natural gas producers to increase natural gas inventories in Europe.
This move will help alleviate the European heating demand crisis in autumn and winter, and European natural gas futures prices will immediately stop the skyrocketing pace.
Putin instructed Gazprom (Gazprom) President Alexei Miller on the same day: to complete the task of injecting gas into Russia’s underground natural gas storage facilities by November 8, and then begin to “increase the gas reserves of underground facilities in Austria and Germany. ".
Putin said that increasing Gazprom's natural gas reserves in Europe will help Gazprom fulfill its contractual obligations to supply natural gas to European partners in autumn and winter, creating a favorable environment for the entire European energy market.
There is a severe shortage of natural gas in Europe, and the price has doubled. The Dutch TTF natural gas futures price has risen by more than 360% since the beginning of this year.
The soaring price of natural gas triggered a chain reaction, impacting the production and operation of many industries and people's livelihood.
After Putin ordered Gazprom to increase its natural gas inventories in Europe, the Dutch TTF natural gas futures price fell 4.4% from the previous day.
(Making Yueziyan)
Editor in charge: [Ji Xiang]