well, sources should be increased, but the we need to do this smoothly and taken to counter the global consumption of allergies. and i believe everyone realize is not that hydrocarbons will stay there. and if you take 202186 percent on that energy balancer includes the oil, coal, and gas, and the rest is a sola wind generation. and about 4 percent. that's no clear energy. so this balance must be what can i mean? you smoothly changed and take decisions so that growing consumption around the world choice, you will have cheap angie resources so that it would be possible to produce high quality goods. thank you very much. it's a european country,

a saying that they are ready for winter period and then fuentes from the corner. and alan, jeez, actively supplied. how do you see europe in europe? so preparedness for winter. well, it's a big question. if we dawn, mother really dive deeper from i must say that we should, you know, in most cases european consumers and european politicians said in the following way, while europe able to survive the coming winter with a gas, they're half with a gas they have accumulated fall speaking about the percentage of active gas accumulated and stored in storage is 90. 1 sent more

levels on, but i think the 2 sides to this question, coin number one, active amount of gas and under ground stood guest oranges in europe in general. and with the possibility of surviving peak periods in upcoming winter also. so i must say that 91 percent that's how much they have in the storage as how much gas they have. but this year, this is completely different from last he is or several years ago. why? because today the logistic has changed and the sources are different. gas supply is different for european market, which means that the burden on european

underground gas storage is, is going to be much bigger, much heavier, as compared to previous years. good. i've got your man speaking about active gas amount. surely, amount of active gas in underground storage is in europe. we 1st of all need to mention germany because it's germany that has the biggest, underground storage is they have a more opportunity to move in comp accept gas. but this is something that you can if we take 100 percent, it only 21 cubic my billing cubic meters the morning. so according to some assessments, based on your previous analysis of analysis of is period

periods. germany is going to consume sick steel boat may be more b, c, m, of gas. that's during autumn and winter period. so which means that in under ground the storage is of gas in germany would be enough full to maximum $2.00 mice. do you use a while forecasts stiffer and only full costs are possible because we realize that auto man winter that's about temperature outside it's cold or extremely cold condition. but no doubt the ra, certain for cause that on the semester can very pessimistic and very pessimistic folk us tell us that in

march 2023 is only 5 percent of gas is going to be left in the storage you room. yes, europe will survive this period much easier. but what about winter 20? 232024. and then it becomes clear that energy crisis is here to stay in. and the reasons for this energy crisis, all of system nature long. but there, with, as we're seeing, one, both in germany and in europe, what they have in terms of gas. it's only one side of this issue. but there's another solid which means surviving peak periods in

winter. you know, winter may be profitably warm. but one week or maybe 5 days, maybe extremely cold. and you know, during this very short period of time, god forbid you can freeze towns huge territories. bless, talk about numbers, big balance with gas from during the winter pick periods, years to supply to europe on a daily basis, you know, 600000000 to 1700000000 or even more when for example, it was extremely cold. if you remember, it was a beast from the east speaking about the lake periods and

supplies. and if we talk about how much gas they will miss in the balance than european expos, i saying is going to be 800000000 b c m. that's how much there will be missing. that's how much they will not have if it gets really extremely cold. that's one 3rd of all european consumption that was naturally put him in. analysts, ministries, companies, experts, they know, litigation on the market or no doubt to have an action plan. to tackle this, we can, let's talk

a bit about those recommended actions and measures and to what extent are they that realistic? so number one, it is suggested to introduce quote and when you don't have quote formula, when you don't have certain criteria and when you have no mechanism for punishing those who disobeys. wishing with me, i have big doubts regarding this mechanism. especially during peak periods in ottoman winter. it's a very big question because there's another suggestion to what you and president putin was talking about the survey today. sherman,

be careful prices for gas in particular, but when you hear something like that, is it? the 1st thing that comes to mind it's an eye ceiling. if you remember russian song, it is a movie with any to study a russian culture much when must understand said, gas produces, some of them are not forced to do anything. there's nothing and they can't be anything. so this i ceilings and it's a metaphor. but you get the picture now

a very serious and large scale subsidies of gas prices with the figures are unbelievable. but there are problems in addition to that. and they are even of more systemic nature. and that's what germany did. they fall on this path. they said that there have been 200000000000 euros for subsidizing gas prices. what does it mean? it means that there is no limit whatsoever to gas injection in the gas and a ground storage is. but you have to understand that it would be extremely

expensive gas pure your room? well, the 1st conclusion that one could make here is that is basically a death sentence to low inflation. and secondly with, well, if those matters that are already adopted means that there is no european gas market whatsoever, that is no longer a market. and thirdly, looking so i would say that the so called european solidarity is being severely question here because some of the european economies, stronger economies of the european union would have those possibilities and opportunities while others would not good and equal take similar situations

regarding other products and potential economical collisions, it would always be lectured that that is not the way to go and you cannot act in this manner. while it turns out that the situation with gas is something that you can do. and that type of action is really massive on a huge scale at the moment. but the final outcome ease that these gas gets very expensive, which means that we're talking about d industrialization. the d, industrialization of europe and the methods on steps suggested here are also very peculiar nationalization with nationalization of gas market of germany, nationalization of gas traders. what does it really mean nationalization suburbans?

it means that the expenses are being moved over to the budget of the government, mainly to the shoulders of the tax pays and what would be the outcome of it? what would be the outcome? well, the outcome current. you know, economic growth is all about the growth of energy consumption. and it was already mentioned today that the so called relative well being of the european union. namely, germany that we've seen in the course of very many years was largely based on cheap entity resources from russia. those are good and that has been going on and on for more than 50 years. we're definitely do what would be the outcome. so remember this? well, cheap energy sources, namely gas mileage, would provide full more a $100.00 failed credit lag credit children, germany, humans for proper and affordable financing of german industry. because of you.

so basically that is a very heavy strike against economic model that has been in existence until recently and that is a very serious shock issue. so what are the proposals and suggestions we'll get to here? i suggested to set up a cartel or consumers. and as you can see him as well, i wouldn't say that it is a particularly extraordinary suggestion, but i would say we are playing games here. but where only 10 games, according to the rules that we have invented, and we would refuse to play games. if the rules were not invented by us, there were no cartels of consumers whatsoever. they've never existed to now key markets, i would assume nuclear. but i would say that some experts believe brewster nuclear, that a sheer mentioning of

a possibility. so it's gonna goes away. you're going to create gas. opec would be a very serious investment in gas prices. was our shoes. now coming back to the question own whether europe will be able to survive the winter with the amount of gas they have in the underground storage is at the moment. well, the answer is very simple. nobody can gave any guarantees whatsoever. while a mr. miller, in his address, the president already dubbed their situation happening in the north stream, one and 2, an act of international terrorism. sweden has made an official statement that they will not allow russia as a polity to participate in the investigation. so if we see that here of would request tillman with more gas, to be pumped through the remaining line of north stream, to other resources available with gas problem. and how much time would it take to

complete all the work and reparation so that the pipeline becomes operational? would we be ready to participate in repair works and the launch of other loans that off the gas pipeline. thank you for your question. when up until now we were not allowed to have access to the site of the accident. oh, sabotage i was a. this is a portray that is stale, being drawn in a moment. indeed, the 2nd branch of the line be of the guess north stream to is under pressure. there may be some damage inflicted, but for sure. it's eas, operational and there are no ghastly could use at the moment. another circles and answering your questions. well, certainly we need to differentiate visitation for north stream to an north stream one. let me start with a north stream too. if one line remains intact. as you know,

a gas from has paid every effort, all of its knowledge and experience and competence, including our technological capabilities. to make sure that we commission those a gas capacities of north stream to in due time movies. as you understand, this is the main line transportation route along the c bad that we specifically established for europe. and germany did a good job of class our bias so much our consumers. it's not something we've been doing on our own as gas chrome to construct that type of extremely expensive and sophisticated gas pipelines on their c bad of the baltic. they are not just extremely expensive, unsophisticated, but i also would like to draw your attention to a part of gas transportation infrastructure that has been created on the territory

of russia specifically to serve the north stream pipeline. and this is something that people do not really like to mention or even remember in europe, once all the construction were completed and like to emphasize, the construction was complete in utah based on the request of germany, of european union. but all partner said, no, we have sanctions. secondly, the 3rd energy package would impede certification process and so on and so forth. and we have those 12 miles zone of ours. those are territory waters of germany, which means special regime and so on and so forth. the 2nd ranch is under pressure, is intact, and we can say for sure that the ball is on the side of the european union. and germany says if we see that the north stream

t would be certified, we can provide for gas supplies straight away already. as for accidents, in a north stream to an north stream, one well north stream to your decision. and with me, 1st of all, i have to say that these pipeline has been sanctioned of me. a and north stream to resolve today has not yet been operational. the good with the show. so i have to emphasize that we now that automatically started supplies to those consumers that we had in mind. it's not that those supplies were interrupted. no, the pipeline was not operational and therefore there was no interruption to

supplies to germany or whatever else on like visitation, with an all stream, one of the guys supplies a no stream one we're happening with. no, they have been interrupted before those acts of international terror on a 2 line self north stream ones. and it is important to understand that reconstruction or repair avenue stream one is tight to yet one another technological problem. as all the engines from siemens to the portal that compresses stations. it is important to understand that there is still no answer to the question is on how and why would we repair the north stream? one branches. if we see that the turbines and he engines for the compressing station are not operational.

a speaking of the acts of international terrorism, and this is exactly how president putin called those explosions in his speech to day on your own business. we should pay attention to how those events are being assessed cold and debate by the european countries. that is quite curious. it turns out that that eas, sabotaged with, well, well, not the act of international terrorism, but sabotaged well in fact, sabotage is a french word originally, which means a knocking with your she was such that, you know,

i have an impression that somebody really, really enjoys political lexi quality and political terms of the sixty's. well, who knows? maybe we would get to hear the beautiful words like mister rush of years to say like, a promising to show the mother of christmas. well, how much time would it take to recover and repair ward was damaged, namely of the branches of the north stream. i should mention that it is not that much of a technological problem, although it is technologically tending. but the 1st and foremost question is a political one and the european union justice germany should provide a very clear political response. i mean the school and state

that they are interested and they are willing to make sure that those branches are recovered and repaired and they must provide guarantees for future safe and secure operations of those pipelines. there are sanctions related questions. there are economic questions. there are legal questions for sure and only once all those questions are resolved, where can we come to taking a logical repair? one of those pipelines that were exposed it. now if i were to provide a assessment of a period and time it would take, i would say it more, it is certainly more than the air that is quite

a lengthy process. should flow of woodland to day. we have heard president protein mention a turkish stream with with he no indeed in terms of ugh repayment to the north stream. one and north stream to that one could much faster create something to replace for what was lost in the north, but great new capacities in the black sea. as you all know, turkish stream is only going 3 to economic zones with fab territorial waters of russia. and turkey and the economic zone of russia and turkey accordingly. and the depth of that is incomparable to the baltic sea. 2 kilometers, 150 meters. undoubtedly,

turkish stream has shown itself as a reliable route for gas supplies to turkey. our reliable partner as well as supplies to the european market, do apparently mercy the question that the capacities we've lost in the north, in the baltic sea could be moved over to the block. c is something that is high on our agenda. and if this is a question that is up to date, so it means that technically, we're prepared to create a hub. there. something that president putin mentioned technologically, we all prepared to build and construct those to go to go capacities as for the hub, for sure. we should analyze a matter of crating, of a trading platform of the borders of the european union and her k. but she

was in cheese and i would like to address the question to his excellency minister was don mess. something that president put in mentioned in his speech, the possibility to great in energy help together with turkey. what is your take on the saudi and how could it be implemented in practice or jesus. thank you very much for your question. so would you move to those? those are some of you all the colleagues away, seated on the state. we love to day are the largest suppliers. well, i probably represent one of the largest consumers, but within the long term gas supplies contract, we've never faced any problems with our suppliers. all partners. we've been through difficult times, but we've been always able to successfully overcome them and rush as always state a reliable partner of ours was. i'm very grateful to you. i'll rush and colleagues

for being able to preserve this sustainability and reliability. as for the addressed by the president to day the police and we had a cell id for the 1st time today. and probably it's too early to say that we know exactly how to do that. that is a new idea to us. but we need to 1st resolve some legal trade and economic matters, as well as to can logical aspects. but those who turkey has been working very actively together with russia. as you know, russia and turkey have implemented a number of large scale technological projects together and turkish stream is one of the law to international protects of the kind of the nuclear station i q u. we continue construction. we develop our relationship with russia, not just indiana to sector, but also all the sectors for potential corporation and a guest. this proposal of president putin should be carefully discussed,

antique and logically develop. and i'm sure this is doable to push the doors under the current circumstances on the global energy market. i know that turkey had made plans for energy transition. do you stay true without plans or do you plan any changes? sure. sure, thank you. okay, well just leave a panel discussion for now. the turkish energy minister just speaking there, fuzzy don, more thing that russia is a reliable partner just to briefly go through some of the previous speakers. she may have heard there over the past, the 30 minutes or so we learn. listen to lexie miller. the see you all that riches main gas export and company gas. prom interesting conversation there with the moderator. seeing that in terms of safe and reliable energy being sent to europe because of what happened to nord stream, he saved the air, the sabotage on that. it's going to make it difficult. nordstrom manas nordstrom to

is not get operational for it to be sent for energy to be sent at to europe. a lot of issues including legal wants before the process can restart and that's only if the e you can prove itself to be a reliable at partner and give security guarantees as well. just before that, just to briefly say, we heard from ad, deputy prime minister of russia. alexander novak who is brief, is in charge of energy issues for the country, essentially saying that there was a message we heard from blackberry right before that as well. thus, on successfully for years, the e u has trying at attempting to stop russian energy supplies, oil and gas from being sent to europe. they wanted to do it themselves, but they're finding that because of green policies, the green agenda that's becoming more and more difficult ending with the world

energy security depends on partnership that's to me and hub of russian energy week, which just kicked off to day. i mentioned the russian leader at one thing that was said, western politicians are effectively destroying the global energy market. that was one of the main messages from the russian leader in a speech of russian energy week. at being held in moscow. he choose western governments of being guided only by their own ambitions. let's take a listen to the get away economic of the global economy. and li, hannah g industry is undergoing serious crisis that has to do with the prices of energy, the undermining of the balance between supply and demand and with some of the actions by our western partners guided only by their own goals and ambitions. and that they on to mine and destroy the infrastructure of their competitors. i'm talking of course.