Putin Warns European Gas Prices Could Exceed $1,500 per 1,000 Cubic Meters

Russian President Vladimir Putin has warned that European gas prices could soar even higher ahead of the winter season.

According to TASS news agency, President Putin, who is visiting India to attend the BRICS summit, met with reporters in New Delhi on the 11th (local time) and stated, "European gas prices could rise to as high as $1,500 per 1,000 cubic meters (㎥)."

President Putin said, "Initially, Russia supplied gas at $150 and $180 per 1,000 cubic meters, but Europe complained that the price was too high and demanded a transition to a 'market pricing system'."

He added, "As a result, all they got was higher prices," and noted, "While current prices are at $1,000 or 1,000 euros, they could become much more expensive in the future."

These remarks came as European natural gas prices surpassed 80 euros per MWh this month, hitting record highs for the first time in about three years.

In particular, amid the prolonged war in Ukraine, Russian gas facilities have faced continuous attacks, causing European gas prices to surge.

Additionally, during his remarks that day, President Putin blamed Europe for the war in Ukraine, warning that "deploying European troops to Ukraine would mean a war with Russia."

Meanwhile, regarding the far-right Alternative for Germany (AfD) becoming the top party in the Saxony-Anhalt state parliament election in Germany, President Putin claimed, "Everything happening in Europe now is the result of structural errors committed by the so-called Western globalist forces."

He argued, "The problem with the West, led by globalist forces, is that after the end of the Cold War and the collapse of the Soviet Union, they considered themselves at the top of the world and came to believe they never make mistakes."

President Putin also stated, "We do not threaten European countries, nor do we intend to threaten them," adding, "No one wants to consider the fact that Russia has absolutely no reason to clash with Europe."

Recently, vigilance against Russia's "hybrid attacks" has been growing in Europe, including Germany, but Russia has denied such allegations.

(Photo: AP, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.