Vojislav Vuletić: The energy crisis in Europe is not caused by the lack of gas, but by geopolitics

The energy crisis in Europe’s gas sector was not caused by a shortage of gas on the world market because Europe’s suppliers met natural gas delivery obligations on time and in agreed quantities, and the problem arose when natural gas and its supply ceased to be an energy and economic issue and became geopolitical. when the United States intervened, said the president of the Assembly of the Gas Association in Serbia, Vojislav Vuletic.

“Europe is supplied with natural gas from its own sources (Norway, the Netherlands, Scotland) and imports of natural gas in gaseous or liquid state. Imports of natural gas from Russia cover about 35 percent of total gas consumption in European countries, own production covers about 45 percent, and the rest is imported from Algeria and Azerbaijan in gaseous and liquid form, mostly from Qatar and the United States, “Vuletic told Beta.

He added that there would be no problems with natural gas supply if the United States and some European countries did not interfere in the entire European supply arrangement, thinking that normal, safe and secure supply was possible without domestic production and imports from Russia.

It should be remembered, as he said, how much pressure from the USA was put on Europe to prevent the construction of the Nord Stream 2 gas pipeline, how much the company had to obey the orders of the USA and leave the construction project.

“Even today,” he said, “pressure is being exerted to prevent the transport of gas to Europe through North Stream 2, either by respecting the Third Energy Package or by transport via Ukraine.”

According to Vuletic, the Ukrainian gas pipeline is 50 years old and absolutely unreliable for supplying the projected quantities.

“In order for the United States to financially ‘help’ Ukraine, they are trying to force Europe and the Russian Federation to transport gas through Ukraine, which is not possible due to such a state of the gas pipeline,” Vuletic said.

According to him, many European countries believed in the activities of the USA regarding the reduction of gas imports from Russia and possible supply from some other sources, so they did not conclude supply agreements with the Russian company Gazprom, but waited for gas from other sources.

Vuletic said that since there was no gas from other sources, and no contract with Gazprom, demand increased and prices jumped to an “incredible” level.

Gazprom, meanwhile, said it had directed the quantities available to it to Southeast Asia.

“Russia has enough gas to meet Europe’s needs in the future and wants to sell it because it generates revenue, but some countries are trying to reduce sales and earnings, but also to do ‘political’ damage to it,” Vuletic said.

He added that there is a sufficient amount of natural gas on the world market, but that it should be treated as an energy source, instead of being used as a political weapon.

According to him, the best example of energy and economic behavior was shown by the President of Hungary, Viktor Orbán, who a month ago signed a contract with Gazprom on the supply of gas to Hungary for the next 15 years.

“Serious, sovereign states do that,” Vuletic said.

He pointed out that the price of natural gas will be reduced as soon as the supply contracts and the agreed quantities are determined.

On the occasion of the 1,000th issue of Beta Monitor, a specialized economic newsletter aimed at the countries of Southeast Europe, Beta broadcasts a series of articles on energy free of charge available on the portal www.beta.rs in Serbian and www.betabriefing.com in English.

By Editor

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