Moscow: Long-Term Gas Contracts Provide More Security for EU Countries Than Relying on Spot Market
"The specificity of the field is that it is necessary to plan the production and geography of gas supplies in advance, but many EU companies have pivoted to spot markets. What did it lead to? Long-standing contracts allow to maintain stability, to feel confident. Those countries which sealed such contracts [long-term contracts on gas supply] with Russia are feeling much more tranquil and confident than those relying on spot markets", Birichevsky said in an interview.
Nord Stream 2 Troubles
"To be honest, we see no point in Washington's sanctions policy in conditions when the Nord Stream 2 gas pipeline has already been built", the diplomat said.
"We believe that the certification of the gas pipeline, its commissioning, and further use will be carried out on the basis of the legal norms in force in the EU", the diplomat added.
"If we are talking about the perspectives of Russian gas transit through Ukraine after 2024, it again depends on the essence of agreements. It will be implemented in the framework of contracts reflecting supply and demand at the moment", Birichevsky said in the interview.