Moscow: On Dec 15, President Vladimir Putin said that Russia would increase gas supplies to “the East”, particularly China, and set prices for sales to Europe using an electronic platform. “Among the key growing consumers of Russian gas are our neighbors, including Turkey … We plan to set up a gas hub in coming years,” Putin told a televised meeting. “But if we are talking about setting up an electronic platform, then this can be done within the next few months. And it is there, to a large extent, that we will determine the final price for our European consumers because what they have done on their platforms is madness.”

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

PSO denies the rumours of fuel shortage

Pakistan State Oil (PSO) spokesperson on Friday denied all the rumours about…

Saudi Aramco secures 40% equity stake in Gas & Oil in Pakistan

Aramco, the leading integrated energy and chemicals company in Saudi Arabia, is…

Govt yields to another IMF demand

Islamabad: The government on Tuesday, while bowing to another demand of the…

Azerbaijan announces tax-free imports of rice from Pakistan

Baku: On Saturday, in a bid to stimulate the growth of mutual…