it s the lack of the readiness for some oil producers to bring oil to the market. there is enough oil. there is no need to worry about that. so, you re saying that the current supply problems, and this is about oil and gas, are much more about political decisions than they are about physical capacity? cos there s been a very as you know a very loud and long debate about russia, which is a vast supplier of natural gas. exactly, exactly. now you appear to be saying that the russians could put more gas into the european energy market, they re just choosing not to. the russians say, well, hang on a minute, we re doing the best we can. but if the world tells us not to invest in our gas production facilities, then what do you expect? and isn t it easy to understand moscow s position? i think it is. we have all the data at our fingertips at the international energy agency. i can assure you russia can, without investing one single new dollar, russia can increase the exports to europe by
energy market, they re just choosing not to. the russians say, well, hang on a minute, we re doing the best we can. but if the world tells us not to invest in our gas production facilities, then what do you expect? and isn t it easy to understand moscow s position? i think it is. we have all the data at our fingertips at the international energy agency. i can assure you russia can, without investing one single new dollar, russia can increase the exports to europe by more than 15%, which would be more than enough to comfort the markets. but what russia is saying is that they would like to get this or that compromise with europe on different fronts beyond the current energy market crisis in order to bring this gas to europe. again, i believe both gas and the oil markets, the current tightness, is an artificial one. if the producers wanted so, they could bring enough volumes of oil and gas to the markets, and at the same time
and isn t it easy to understand moscow s position? i think it is. we have all the data at our fingertips at the international energy agency. i can assure you russia can, without investing one single new dollar, russia can increase the exports to europe by more than 15%, which would be more than enough to comfort the markets. but what russia is saying is that they would like to get this or that compromise with europe on different fronts beyond the current energy market crisis in order to bring this gas to europe. again, i believe both gas and the oil markets, the current tightness, is an artificial one. if the producers wanted so, they could bring enough volumes of oil and gas to the markets, and at the same time comfort it. and also, one point on gas. gas has been presented up to now by the gas industry as a reliable, affordable energy source which could accompany renewables for a stable transition to clean energy. but with the high gas prices today, the gas industry is getting not goo
exactly, exactly. now you appear to be saying that the russians could put more gas into the european energy market, they re just choosing not to. the russians say, well, hang on a minute, we re doing the best we can. but if the world tells us not to invest in our gas production facilities, then what do you expect? and isn t it easy to understand moscow s position? i think it is. we have all the data at our fingertips at the international energy agency. i can assure you russia can, without investing one single new dollar, russia can increase the exports to europe by more than 15%, which would be more than enough to cover the markets. but what russia is saying is that they would like to get this or that compromise with europe on different fronts beyond the current energy market crisis in order to bring this gas to europe.