Many factors have led to the rise in gas prices in Europe, while Russia is fulfilling all its obligations under the existing contracts, as stated by the representative of the Ministry of Economy and Energy of the Federal Republic of Germany, Susanne Ungrad.
Ungrad gave her statement commenting on the speculation in the media about the record cost of raw materials, RIA Novosti reports. According to some politicians and analysts, Moscow and Gazprom are deliberately influencing the market to speed up the commissioning of the Nord Stream 2 gas pipeline. However, Ungrad, mentioned several real factors affecting prices, such as ‘a difficult winter, economic changes, increased demand for gas, the situation in Asia, and fires in Siberia’.
“According to our information, Russia is fulfilling the existing supply agreements […] We do not know about a deliberate disregard for existing contracts,” she added.
The representative of the department stressed that the ministry is monitoring the situation, but they believe that the market should respond.
“We do not see the need for the state to intervene in the situation,” Ungrad concluded.
In turn, the deputy official representative of the German Cabinet of Ministers, Ulrike Demmer, added that Gazprom is ‘fulfilling its obligations under the current Russian-Ukrainian gas transit agreement’.