Putin announced a huge gap in energy tariffs in the EAEU and the EU
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Energy prices in the countries of the Eurasian Economic Union (EAEU) are much lower than in European countries, for example, gas tariffs are ten times cheaper, Russian President Vladimir Putin said.
“Tariffs, energy prices in the EAEU countries are fundamentally different from the corresponding tariffs of our neighbors in the West. Well, let’s say, the difference in gas prices in the countries of the EAEU and the European Union [отличается] 10 times or more, not some percentage, but 10 times or more,” Putin said at a meeting of the Supreme Eurasian Economic Council (SEEC) in Bishkek (quote according to TASS).
Low tariffs create the necessary conditions for economic development, he added.
The President also spoke about the decrease in the unemployment rate in the EAEU countries to 1%, which is seven times lower than in the European Union.
The main route for the supply of Russian pipeline gas to the EU is now transit through the gas transmission system of Ukraine (on average 42-43 million cubic meters per day). The rest is exported to the EU via Turkish Stream. How wrote Earlier, Vedomosti, Russia supplied the European Union with an average of 76-77 million cubic meters. m of gas per day against 368-377 million cubic meters. m at the end of November 2021. Gas production in Russia decreased by 11.6% over 11 months compared to 2021.
In October, Putin came up with the idea of creating a new hub for Russian gas supplies. Falling volumes of gas transportation to the EU (due to damage to the Nord Stream and Nord Stream 2 gas pipelines and sanctions against the latter. – Vedomosti) can be transferred from the Baltic Sea to the Black Sea. In this case, according to Putin, Turkey can become the largest gas hub. On October 9, Erdogan announced that he had agreed with Putin on the creation of an international gas hub in the country. Later it became known that the gas distribution center within the framework of the hub project will be in Thrace – in the north-west of the republic.
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