Novak: Russian Federation Is Ready To Continue To Supply Gas To Europe On Several Routes

Gas supply volumes from Russia to Europe for 11 months of this year reached about 50 billion cubic meters. m, which is about 18-20 percent higher than in 2023. This was stated by Deputy Prime Minister of the Russian Federation Alexander Novak on the air of the Russia-24 television channel.

“This year, if you look at the volume of supplies to Europe, then they are about 18-20 percent higher than last year. The total pipeline gas and liquefied natural gas for 11 months is probably about 50 billion cubic meters of gas It was delivered, ”he said.

According to Novak, the “Russian gas is the most beneficial” for Europe both in terms of price and logistics.

“We see that in Europe today, due to the forecast for gas deficit, which is also related to the uncertainty of gas supplies through the existing route through Ukraine, prices on the spot, on exchanges have grown very seriously and today are about 490- $ 500 per 1 thousand cubic meters.

Speaking about the fate of gas transit to Europe through Ukraine, Novak said that today this issue has not been resolved, “although Europeans and European countries are interested in this.”

“But it depends primarily on the agreement of the European Union and Kyiv about the possibility of such supplies. We, in turn, have always stated that we are ready to continue to supply gas not only on the existing branch, there are a number of other routes,” said He.

The term of the agreement on the transit of Russian gas to Europe through Ukraine expires on January 1, 2025.