Russia's energy minister said:
- We believe that unilateral restrictions on economic and energy cooperation and barriers on trade and investment in energy are unacceptable and hinder sustainable recovery
- Political restrictions should not be applied to the use of natural gas as a feedstock
European gas prices remain high on low storage levels and concerns over Russian supplies.
S&P Global Platts assessed the benchmark Dutch TTF day-ahead price at Eur72.85/MWh Feb. 18, up more than 4-fold on the year.
Russian Deputy Prime minister Alexander Novak said in the week ended Feb. 18 the early launch of the Nord Stream 2 pipeline, which is yet to obtain certification from the German regulator, «can help stabilize the gas market in Europe.»
Shulginov praised the European Commission's decision to classify gas as a clean energy source in the EU taxonomy, while highlighting the role of gas as one of the key fuels in energy transition.
- Our organization should help adequately assess the role of gas in achieving climate goals, to warn against premature and inadequate decisions, such as reduction of investments in the gas sector
- It is important to stick to and promote technological neutrality with respect to the method of hydrogen production, its production from gas
The Russian energy ministry has previously argued that up to 90% of emissions from gas-based hydrogen can be eliminated with carbon capture.
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