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Offbeat: Energy: Russia will reorient its exports to Asia, says Putin

Montrealers demand more support for Ukraine following shocking images from Bucha

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Russia-Putin-Gas-Exports: Energy: Russia will reorient its exports to Asia, says Putin

ENERGIE: LA RUSSIE VA RÉORIENTER SES EXPORTATIONS VERS L'ASIE, DIT POUTINE © Reuters / Sputnik Energy: the Russia will reorient his exports to Asia, says Putin

(Reuters) - Vladimir Putin said Thursday that Moscow would reorient his energy exports to Asia now that European countries strive to reduce their dependence on Russia in this domain.

Russia, which represents about 10% of global oil production, has woven closer links with Asia and China - the world's largest energy consumer - trying to diversify deliveries outside of European traditional markets.

The Russian President, who spoke at a government relevant to television, said Russia should build infrastructure to increase its energy supplies to Asia.

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The country has begun to provide gas by pipeline to China at the end of 2019 after years of negotiations and accepting to reduce fuel prices.


Video: Putin wants to reorient the Russian energy exports of Europe to Asia (Euronews French)

The Western penalties related to "the special military operation" of Russia in Ukraine have affected Russian energy exports by complicating the financing of transactions and logistics.

Vladimir Putin remains convinced that the twenty-seven will not be able to do without Russian exports. Russia provides 40% of gas in Europe.

"What is surprising, he emphasized is that the so-called partners of hostile countries conced themselves that they will not be able to do without Russian energy resources, including natural gas for example" .

"There is no rational alternative (gas) currently in Europe," he said, adding that the European will to cut Russian supply lines climbed prices and destabilized the market.

Vladimir Putin had already declared Wednesday that Russia was ready to find new opportunities for its energy exports.

(Reuters report; French version Dina Kartit, edited by Sophie Louet)

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