© RIA Novosti
Russia considers it important to jointly counter, through the efforts of the Gas Exporting Countries Forum (GECF) member countries, the creation of any barriers by importers to the free exchange of energy resources and technologies. This was stated by Russian Minister of Energy Sergey Tsivilev at the GECF Ministerial Meeting in Moscow.
Illegal unilateral restrictions faced by GECF countries — Iran, Venezuela, Russia — lead to market destabilisation and higher prices for end consumers.
Sergey Tsivilev emphasised that the destabilisation of the situation in the Middle East has put the global fuel and energy complex at risk, raised gas prices and limited supplies worldwide.
The crisis in the Strait of Hormuz disrupted supplies of about 20% of global LNG volumes,
To respond effectively to new challenges, we must focus on several practical steps. We consider it important to jointly promote key priorities such as countering the creation of any barriers by importers to the free exchange of energy resources and technologies, and protecting critically important gas infrastructure.