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LIVE UPDATES: Putin, Iraqi PM Participate in Energy Week Forum

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The 6th Russian Energy Week, a major annual international forum, began on October 11 at the Manege Central Exhibition Hall in Moscow.

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Russian President Vladimir Putin and Iraqi Prime Minister Mohammed Al Sudani at the plenary session of the Russian Energy Week - Sputnik International

LIVE UPDATES: Putin, Iraqi PM Participate in Energy Week Forum

10:15 GMT 11.10.2023 (Updated: 12:18 GMT 11.10.2023)

The 6th Russian Energy Week, a major annual international forum, began on October 11 at the Manege Central Exhibition Hall in Moscow.

Russian President Vladimir Putin is delivering a speech to the plenary session, the forum's main event. He is expected to be joined by Iraqi Prime Minister Mohammed Al Sudani and Hungarian Foreign Minister Peter Szijjarto.

Turkish Energy Minister Alparslan Bayraktar and Myanmar Electricity Minister Nyan Tun will address the panel on technological sovereignty and prospects for low-carbon energy, which will also be held on Wednesday. Director General of Russia's state nuclear agency Rosatom, Alexey Likhachev, and Indian Ambassador to Russia Pavan Kapoor will also take part in the panel, among other officials and business representatives.

The theme of this year's forum is "The New Reality of Global Energy: Building the Future," and delegations are expected to discuss topics including global energy prices, climate change, energy and commodity supply, and the outlook for oil markets.

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Table of contents

11:22 GMT 11.10.2023

- Sputnik International, 1920, 11.10.2023

Russia

Putin, Iraqi PM Join Russian Energy Week's Plenary Session

11 October 2023, 11:20 GMT

New firstOld first

14:11 GMT 11.10.2023

Russia, Iran Discuss Possibility of Supplying Russian Gas to Iranian Market - Putin

Russia and Iran are discussing the possibility of supplying Russian gas to the Iranian market, Russian President Vladimir Putin said on Wednesday.

"And the Iranian partners are also discussing with us the possibility of supplying Russian gas to the Iranian market," Putin said at the Russian Energy Week.

14:05 GMT 11.10.2023

Putin on EU Decision to Block Russian Gas Pipeline

14:01 GMT 11.10.2023

Putin Says North-South Route Project Being Implemented

Russia is implementing the North-South route project, there are agreements with all participants in the process — Iran, Azerbaijan, Turkmenistan and Kazakhstan are showing interest, Russian President Vladimir Putin said on Wednesday.

"Today... everything is possible. We have agreements with all participants in this process — there are relevant documents with Iran, with Azerbaijan, and now I will meet with [Azerbaijani] President Aliyev within the framework of the CIS summit in Kyrgyzstan. We will definitely talk about this topic. Azerbaijan has many current problems, but no one rejects this project. Turkmenistan is also showing interest, and Kazakhstan," Putin said at the Russian Energy Week.

Preparations for the implementation of the North-South project are being completed, a consortium is being created for these purposes, Putin added.

14:01 GMT 11.10.2023

Iraq, Russia Discussing Integration of Development Road, North-South Route- Prime Minister

Iraqi and Russia are discussing integration of two major infrastructure projects, the Development Road and the North-South Route, Iraqi Prime Minister Mohammed Al Sudani said on Wednesday.

“There are preliminary discussions between Russia and Iraq on the integration of these two projects,” the prime minister said at the Russian Energy Week.

13:49 GMT 11.10.2023

Putin Calls Gas Hub in Turkey Electronic Trading Platform Beneficial for All Sides

The proposed gas hub project in Turkey will be an electronic platform for gas trading that will benefit all sides, Russian President Vladimir Putin said on Wednesday.

“Here we are talking, first of all, about creating an electronic platform for trading gas on the European continent. Everyone is interested in this — our Turkish friends and partners, we are interested, but also everyone who wants to acquire our resources on the European continent," Putin said at the Russian Energy Week’s plenary session.

13:33 GMT 11.10.2023

Global Natural Gas Demand to Grow 36% by 2050 - Gas Exporting Countries Forum

Global demand for natural gas will increase by 36% by 2050 compared to the current levels due to increased consumption in the Asia-Pacific, the Middle East and Africa, an energy economics analyst in the Energy Economics and Forecasting Department of the Gas Exporting Countries Forum (GECF), Galia Fazelianova, said on Wednesday.

"The demand for natural gas is expected to grow significantly, by 36%. By 2050, the Asia-Pacific, the Middle East and Africa will be the largest consumers," Fazelianova said at the Russian Energy Week forum in Moscow.

At the same time, demand for gas in Europe and North America is expected to decline due to energy efficiency policies and the transition to renewable energy, she said.

Gas production is also expected to increase to keep pace with growing demand, driven mainly by gas-producing countries in the Middle East, the expert added. By 2050, it will reach 5.46 trillion cubic meters per year worldwide, she said.

The Russian Energy Week is being held in Moscow from October 11-13, bringing together high-ranking officials and representatives of leading energy companies from over 60 countries.

13:24 GMT 11.10.2023

Gazprom Supplies Less Gas to Europe, Receives Less Revenue, But Coping Fine - Putin

Russian energy giant Gazprom supplies less gas to Europe and receives less revenue, but the company is coping fine, Russian President Vladimir Putin said on Wednesday.

"Now Gazprom supplies less, and the profitability and income are lower. Well, never mind, Gazprom feels confident, calm, copes fine," Putin said at the Russian Energy Week.

13:08 GMT 11.10.2023

Putin Says it is Highly Likely That Ukraine Using Russian Gas

It is highly likely that Ukraine is partly using Russian gas, Russian President Vladimir Putin said on Wednesday.

At the Russian Energy Week, Putin said that when Russian gas enters Ukraine for transit to Europe, it “spreads” through all gas pipelines inside Ukraine. And then a certain amount is supplied further from storage facilities on the western border of Ukraine.

“But it’s still our gas. And the Ukrainians certainly use it partially,” Putin said.

13:07 GMT 11.10.2023

One Line of Nord Stream Not Damaged, But Germany’s Approval Required Before it Can Be Launched - Putin

13:01 GMT 11.10.2023

Putin on Ukrainian Conflict: Russia Has To Respond Because There Are No Other Means Left

12:56 GMT 11.10.2023

Russian Companies Have Invested Over $10 Billion in Iraqi Economy, Contracts Are Mutually Beneficial – Putin

Russian companies have invested over $10 billion in Iraqi economy, and contacts between countries are mutually beneficial, Russian President Vladimir Putin said on Wednesday.

"Russian companies in total have invested over $10 billion in investments in the Iraqi economy," Putin said at the Russian Energy Week, adding that “contacts are beneficial.”

12:53 GMT 11.10.2023

Risk of Suspension of Energy Supplies in Middle East Amid Worsening Palestinian-Israeli Conflict Exists - Iraqi Prime Minister

The expansion of a crisis in the Middle East due to the ongoing conflict between Israel and Palestine may result in cessation of energy supplies, Iraqi Prime Minister Mohammed Al Sudani said on Wednesday.

"The expansion of crisis and conflict in the region will undoubtedly disrupt stability … Supplies of energy resources, this means there is a threat that these supplies may stop,” the prime minister said at the Russian Energy Week.

12:49 GMT 11.10.2023

Putin: Russia is Not Cutting Gas Supplies to Europe, They Are Shutting Down Pipelines Themselves

Russia is not cutting gas supplies to Europe, Western countries refuse to receive supplies unilaterally, Russian President Vladimir Putin said on Wednesday.

"We are not cutting anything, we are not cutting the supplies, they refuse [supplies] themselves. And the result is like this — the opposite of what was expected," Putin said at the Russian Energy Week.

12:46 GMT 11.10.2023

Putin Says Does Not Understand Why United States is Drawing Aircraft Carrier Groups Towards Israel, This is Aggravating Situation

The Russian president said that he does not understand why a United States aircraft carrier is sailing towards Israel, as this is “aggravating the situation.”

12:46 GMT 11.10.2023

No One Investigating Nord Stream Explosions, West’s Reaction Strange As There Was Terrorist Attack - Putin

No one is investigating the Nord Stream explosions, and the position of a number of Western countries is surprising, as, an act of international terrorism was committed, Russian President Vladimir Putin said on Wednesday.

"Nord Stream was blown up — no one is investigating. I am surprised by the position of many European countries. This is a clear act of international terrorism. Moreover, apparently, at the state level, because just like that, some team of people who suddenly decided to blow up gas pipelines on their own, without support at the state level, would not be able to carry out such an act, it is impossible," Putin said at the Russian Energy Week.

12:39 GMT 11.10.2023

If Conflict in Middle East Grows, It Will Affect Energy Markets - Putin

If the conflict in the Middle East escalates, it will affect energy markets, Russian President Vladimir Putin said on Wednesday.

"This [the further escalation of the conflict] will not affect production, but it may affect all other components that determine the state of the world's energy markets. These are completely obvious things," Putin said at the plenary session of the Russian Energy Week.

12:36 GMT 11.10.2023

Russia's Stance on Palestine and Israel is Well Known to Parties, in Favor of Implementation of UN Decisions and Creation of Palestinian State - Putin

Russia stands for implementation of UN resolutions and creation of an independent Palestinian state, President Vladimir Putin said on Wednesday.

“And this [Russian] position is well known both to the Israeli side and to our friends in Palestine. We have always stood for the implementation of decisions of the UN Security Council, bearing in mind first of all the creation of an independent sovereign Palestinian state,” Putin said at the plenary session of the Russian energy week.

12:35 GMT 11.10.2023

Iraqi Prime Minister Asks Putin to Initiate Ceasefire Between Palestine and Israel

Iraqi Prime Minister Mohammed Al Sudani on Wednesday asked Russian President Vladimir Putin to propose a ceasefire between Palestinians and Israelis.

"Mr. President, I appeal to you as the president of a country that is a permanent member of the UN Security Council to take the initiative for a ceasefire, a real ceasefire and to find a real solution to the Palestinian problem," the Iraqi president said at the Russian Energy Week.

12:33 GMT 11.10.2023

Putin: Level of Violence in Israel and Palestine Very High, But Civilian Casualties Should Be Minimized, Especially Among Children and Women

12:32 GMT 11.10.2023

Iraqi PM: Our Position on Palestine Issue is Not Even Political, It Reflects Humanitarian Issues