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According to trader Pierre Aguran, Russia will take at least ten years to build ...

"Lost energy war": Putin lost the gas market in Europe forever - Financial Times

According to trader Pierre Aguran, Russia will take at least ten years to build enough pipelines to sell its gas to Asia. After a sharp decline in Russian gas exports in response to the military aggression of the Russian Federation against Ukraine Europe, it will probably not return to the procurement of energy from the Russian Federation. This was told in an interview with Financial Times, trader Pierre Anyuran, whose firm andurand Capital manages assets worth $ 1. 4 billion.

Anduran noted that European countries are quickly learning to live without Russian gas. Last year August, there was a jump in gas prices up to 300 euros per MVTC, but in recent months the figure has decreased to 50 euros per MVTC. "I think Putin lost the energy war. Very high prices for natural gas and electricity in Europe were extremely bad for the world economy, but now they have returned to a more reasonable level," the trader told reporters.

Pierre Anyuran also noted that after gaining independence from Russian energy resources, Europe is unlikely to want to return to them. Thus, Vladimir Putin lost his levers. "Russia has lost its largest buyer forever and will take at least ten years to build enough pipelines in Asia," Anyuran said. According to Pierre Anoduran, as soon as China becomes the only buyer of Russian gas, Beijing will be able to determine its price.

We will remind that according to the data of the Kiev School of Economics of February 2, as a result of European sanctions in 2023, the revenues of the Russian Federation from exports of oil and gas will be reduced by 50% compared to 2022 and will amount to $ 40 billion per quarter. Focus also wrote that in January 2023, India and China were the largest oil importers from Russia.

According to the media, from January 1 to January 15, exports of Russian oil from the ports of the Baltic Sea to Asia increased by 27% compared to the period of December 2022. We also wrote that on February 7, the General Directorate of Intelligence of the Ministry of Defense of Ukraine reported the formation of a private military company by the Russian monopolist Gazprom-Nafta.