They also prepared retaliatory measures that would harm the Russian economy.
The EU is ready to discuss gas supplies with the US, Qatar and Azerbaijan / REUTERS photo
–
The European Union has developed a plan of action in case Russia cuts off supplies gas to Europe.
about it in his blog Vice-President of the European Commission, EU High Representative for Foreign Policy and Security Josep Borrell said.
According to him, the EU is considering the possibility of cooperation with the US, Qatar and Azerbaijan on the issue of gas supplies in case Russia decides to reduce or stop them.
“We are prepared in case diplomacy fails and we are considering all options,” Borrell wrote.
Read alsoForeign Ministry urges Russia to “diplomatic cooperation” with Ukraine and withdraw troops from the borderAlso, the EU has prepared retaliatory measures that will cause “serious damage” to the Russian economy and financial system.
“We are also looking at export controls that would have a longer-term effect by denying Russia the products it needs to fulfill its strategic ambitions,” he said.
Borrell recalled that the European Union would not abandon its support for Ukraine’s sovereignty, its territorial integrity and its right to self-determination.
“Ukraine is our partner and neighbor: its security is our security,” he stressed.
The gas situation in Europe
Gas prices in Ukraine correlate with prices at European hubs, since our country has been an integrated part of the European gas market since 2015 and imports about 30% of the total natural gas consumption from Europe.
As of December 14, 2021 gas prices in Europe have risen to a new record high.
December 15 spot gas prices in Europe in January exceeded 1.5 thousand. dollars per thousand cubic meters, increasing daily by 7%.
On December 16, 2021, the cost of gas in Europe exceeded $1700 per thousand cubic meters.
As of December 20, spot gas prices in Europe for January rose to 1.9 thousand dollars per thousand cubic meters.
On December 21, 2021, gas in Europe set an absolute price record, exceeding 2 thousand dollars.
On December 22, 2021, Gazprom announced the average gas export price for 2022.
December 24, 2021 spot gas prices in Europe in January fell from 2.1 thousand dollars to 1.3 thousand dollars per thousand cubic meters.
December 28, 2021 spot gas prices in Europe in January fell to 1151 dollars per thousand cubic meters.
On January 13, 2022, the Russian Gazprom announced that more than half of the gas pumped into underground gas storage facilities in Europe has already raised to the surface.
–
:quality(85)//cloudfront-us-east-1.images.arcpublishing.com/infobae/PLCND22SNEJOVBIWW7RAPHORSQ.jpg?resize=150%2C150&ssl=1)