and that the gas prom rushes will national gas export in company that gas from remains a faithful partner as well and follows the contractual obligations strictly prevalent restroom ashatash gas. prom believes that it would be more profitable for it to pay a fine to ukraine and increase the gas volume pumping through the new systems. but there's no need for that. there's more pressure in the pipe, less c o 2 emissions into the atmosphere. everything turns out cheaper and at $3000000000.00 a year. it is necessary to fully comply with the contractual obligations for the transitive gas through ukraine. although it is more profitable to sell it on the exchange. but there is no need to put anyone in a difficult position, including ukraine, despite the difficulties in relations. second has no need to undermine gas prompts confidence is an absolute, reliable partner in all respects. so i think maybe understandably, with gas prices rocketing up, some people in the west, the pointing fingers at russia and, and basically suggestion is that they're exploiting as it's getting colder. and the price go

it means investing in natural gas because natural gas is a key balancer in the system. a key provider of redundancy, it means investing in storage and storage capacities have dropped and it means investing in diversification of energy sources. so these are the things that need to be done to make sure that we have a system that has redundancy built into it. for a system that isn't just a nice to have, it's an essential to our way of life and that's what we're trying to do and in terms of our strategy. but that's what needs to happen. i think, throughout the world. so about on arctic drilling for oil and gas is not something that we're you bernard. so a ban on arctic drilling by the e. u is not something that worries you the issue that we need to address here is an issue of demand. i think the issue of supply is well documented. we are all doing what we can on the supply side. but at the end of the day is supply goes away and demand doesn't change. that only has one consequence, and that is an escalation and price rises. so i'm not suggesting that the onus needs to be put

and it's over reliance on gas and gas infrastructure that has put us in the situation. and at the more money we will keep pouring into into fossil fuels, the more likely we are to face this kind of crisis in the future. monday. it's a, it's really important that we really move the investment in, in a different direction. and here it's where i would like to defer a little bit from what craned. it was haine. it. it's very important that we send this very strong signal that philosophy subsidies need he any to be phased out very fast. because as we all know on resources of all kinds, economic resources, either not an infinite pied, it can be divided to coretta and it, it's reading for them for the market to see as well, where the, where the resources should be put in. on default, subsidies need to be phased out and this money needs to be put into renewables, but also to storage into batteries, into interconnections and, and so on and so forth. as if this, i think, is it is really of primary importance right now. let me just get a quicker response from cornelia about the rus

it's not real natural gas is does or not physical omar, volumes of gas, this gas written on the paper. there are no physical resources. they are showing reduced, so we're expecting a call to winter or burger to it is, is by the in the currency. so all they are taking gas. so from on the ground, sir, just clearly i trusted warehouses. silly storage is yes and they do not have enough wind generated power. a solar generated power to cover their needs and micro economically. there are other reason, honestly what i mean. there are reasons in every sector. what happens then? what 0, what happens to the european markets that we share? the no decreases in the production of natural gas. you well in the moon, in the countries, not the wasn't gas producing countries, it has produced by 22500000000 cubic meters. that's their worst mean secondly, with him last it he played at that miller look with each the they are 18 point. 5000000000 cubic meters short. ah, you of gas that they had to the put into the into the storage is not good. if you look at the here, le, come the next here, you multiply tha

that gives us stable prices and more independence because gas is important. 90 percent of the gas is important to the european union and the nobel prize in chemistry has been jointly awarded to, to scientists for their development of a precise new tool for molecular construction. the role to dish academy assigned to says the work of benjamin list, and david mcmillan had a great impact on pharmaceutical research. those are the headlines inside story is next largest there. ah. energy prices of record eyes in europe, many families are struggling to pay their power bills. it's triggered protests on even crisis meetings. you need us what's causing the power crunch band is the blocks push for renewable energy to blame. this is inside story with hello and welcome to the program. i'm darren jordan. europe is facing a worsting energy crisis ahead of winter gas prices of reach, record highs and supplies are running low across the block. well, around the world, demand for natural gas and oil is up. as economies reopen off to cobit 19 lock downs. europe has about 3 quarters of its gas in storage

it came after vladimir putin tool, the chief of the russian gas jain, gas problem, to ratchet up supplies, to european storage facilities. next month, or earlier, my colleagues, daniel hawkins and elliot tranquil discussed, walked the russian president at the se, upholstered. okay, i ask you that once you have finished pumping gas into underground storage facilities in russia to start work on increasing the volume of gas in your underground storage facilities in europe, in austria and germany, what exactly did the russian president, the site, the cause, this plunging gas prices, well, this is how the market's work. they almost immediately reacted to the russian president's decision to make gas from the russian energy giant increased the volumes of natural gas in its european underground storage facilities. after such facilities are filled in russia, the prices for european natural gas futures went down by 3 per cent. and the russian energy joined expects its storage facilities in russia to be filled by november the 8th. so right in less than 10 weeks, the volumes of natural gas in the eur

international russian gas exported gas, prom warns it will stop supplying moldova if that eastern european state fail to pay off its debts now totaling some $700000000.00. public mood swings to the right in france ahead of the presidential election, and there's no shortage of candidates to meet the populace agenda. america's top medical agency finally admits to funding research on transmitting bat corona viruses, to humans in china's we hadn't robbins something previously, repeatedly denied under oath by the white house. his virus chief doctor, falcon, also in the program rogers defense minister says his german count about should know better than de coal for nato to deploy nuclear weapons along russia's borders. ah, we are study work no way into saturday evening here at moscow just off to 7 pm now and a full program for you tonight. aeronautics international. so russian and natural gas export a gas problem says it'll stop supplying the commodity to moldova, if that eastern european state fails to fully payoff its debt to the company at around $700000000.00. a discussed the story a short ti

and so should gas prom brushes will larger than main national gas exporting giant. and according to the russian president, gas from should do so. and stick to its contractual obligations, even at the end of the day, if it spells out a loss of profit for the company have listened. a strong shortage to yes from believes that it would be more profitable for it to pay a fine to ukraine and increase the gas volume pumping through the new systems. but there's no need for that. there's more pressure in the pipe, less c o 2 emissions into the atmosphere. everything turns out cheaper. and at $3000000000.00 a year, it is necessary to fully comply with the contractual obligations for the transit of gas through ukraine. although it is more profitable to sell it on the exchange, but there is no need to but anyone in a difficult position including ukraine despite the difficulties in relations. second, there's no need to undermine gas prompts confidence is an absolute, reliable partner in all respects. of the old nipple. so effectively, these words, they come very shortly after so

if we look at the scale of the surging gas prices this year, —— gas prices this year they are five timesthan usual and this is because demand has taught sword as economies emerge from covid lock downs. you can send a short space of time, the enormous rise in prices and its increasing concerns about russia's power of your�*s energy supplies as steve rosenberg reports. europe is facing an energy crisis. spiking gas prices, soaring electricity bills. it is a perfect storm. low gas stocks after a cold winter, a shortfall in wind power, and a surging demand as countries emerge from the pandemic. but is part of the problem russia? critics say russia is not supplying europe with as much gas as it could for geopolitical reasons, to pressure the eu into using this. russia's new pipeline, nord stream 2. it bypasses ukraine and opponents say it will give russia's gazprom more power over europe's energy market. gazprom can supply more gas to europe. but refuses to do that, saying that we will do that if you accept gazprom's terms of handling nord stream 2. it's very simple. this is pure blackmail. t

that gives us stable prices and more independence because gas is important. 90 percent of the gas is important to the european union. when europe relies on russia for much of its natural gas, president vladimir putin is boosting supplies through ukraine. but he says the you can only blame itself for what he calls the blocks. historical push for renewables, lonely video would go to the transition to green energy should happen smoothly. and our country definitely has all the possibilities to avoid those mistakes. so we can see where unbalanced decisions unbalanced actions and abrupt movements can bring us today. as i said before, we can clearly see it on the european energy markets. ah, so let's bring in our guess in burn switzerland, economist connie la, maya in berlin. andreas go, found professor public policy at the university of 8 foot and in brussels, silver pastor, really a greenpeace. you climate and energy campaign. i welcome all to the program connie la maya in burn. let me start with you 1st. if i may, i'm in minneapolis. are saying that this energy crisis is a perfect storm

shot and gas from to rush it up gas volumes in european storage facilities. so she and push the double got my ask you that once you have finished pumping gas into underground storage facilities in russia to start work on increasing the volume of gas in your underground storage facilities in europe, in austria and germany for more or less, i'm disgust i'm joined rather than a studio boy correspondence with franco for the latest update. ilia, thanks for thing. cross the story here. what exactly did the question president to say the causes, plunging gas prices? well, this is how the markets work be almost immediately reacted to the russian president decision to make gas problem. the russian energy giant increased the volumes of natural gas and it's european underground storage facilities. after such facilities are filled in russia, the prices for european natural gas futures went down by 3 percent. and the russian energy joined expects its storage facilities in russia to be filled by november the 8th. so right in less than 10 weeks, the volumes of natural gas in

stream to gas pipeline. it was because one voice with bonds, the nostromo to pipeline is unacceptable and represents the danger for the whole of europe. european countries may not be so keen to continue to be dependent on natural gas imports from russia, but many here in saint petersburg understands that keeping russia as a trustworthy partner is very important to make sure that the crisis doesn't come back any time soon. on the sidelines of the forum in st. petersburg r t spoke to dr. joe kung head of the international gas union. he told this writing off gas as a major source of global energy is both premature and short sighted. that we are not already that, that accept the renewable energy in the crew are scale that this is an anal tubal. believe i think this a guest has an important role. can i go eyes and that in bottom with weiss, the balance between a supply and demand is up destroyed. that's why and the gas prices are going off at that to the main reason you got that electricity and the candidate by t

there's no obligation on the russian gas exporting giant gas from to do so. so, so far rush, i'd say has been very understanding and very client oriented. if i may say so. but again, vladimir putin has stress that they aren't running a charity here. close to was be to be to self speculative demand and excitement in europe. you propose stock trading. it can be done, but of course this can and should be done. not in a spot in europe, but on an exchange in st. petersburg. but in general, exchange trading is not very effective because it carries a lot of risks. is not a watch shorts and ties or a car, or even oil that can be produced and stored anywhere. gas is not sold like that on the market problem being, it seems that they're just on in of contract. people haven't contracted into long term gas supplies. so obviously russia is not going to want to be made out of the bud guy here. what can you do with regards the pricing? well, man, you're absolutely right. and the thing is i, the european lawmakers might have shot themselves in the foot here. and well, of conc

that gives us stable prices and more independence because gas is important. 90 percent of the gas is important to the european union, the renewables we are the master without plans being dismissed out of hand by hunger, his prime minister, victor alban, his country just assigned a new deal with russia to import gas into hungry for the next 15 years, victor or bonds blamed these problems on the european commission, saying they have far too many restrictions in place. far too much regulation. and that is what's causing the issues when it comes to buying gas. you must change is policy because partly partly the reason why the prices are up is the 4th of the, of the commission. but we have to choose some regulations. otherwise, everybody we suffer. the problem for hunger is other the new regulation of greenville, which is that he died expectation for flat owners, owners and caught on, or the e. u energy commissioner has warned that prices will most likely continue to rise throughout the winter and won't see any respite until the spring of 2022. just how high prices rise may well come down

a request from europe for additional natural gas exports. and what mr. brewton was asked of straightforward question whether moscow has ever used the energy sector as a political weapon. his answer was straightforward. no, want to ask you about it directly. has russia been using energy as a weapon? russia's not using any weapons. if you've been paying attention as for the economy, where are we using weapons in what conflicts are we taking part and for the economy? this is not something we tend to use. this is what i call a politically motivated talk. there's nothing to support it when it comes to saying that we use energy as some kind of weapon at the end of the day. i guess the question is, how can you expect europe to believe you're a reliable energy partner when you're not supplying that energy via the pipeline could i see was mentioned, you're a beautiful woman, but i'm saying one thing to you and you're saying a different thing to me as if you haven't heard what i said, well mister president with what was the same point was you and you

some of that gas for far too much money. so people, the ordinary man on the street has to be used to, to get higher gas prices. and you can just not tell him because of the friendship the us, you know, have to pay more. so what a coincidence that the market price is rising. then on the other hand, you have got to be the french, the french one. don't want germany to be energy independent at all. they never wanted to be jo at germany to be energy independent may offered general c 2 to supply the cheap atomic power to germany. so. busy to get germany in the black mailing position and the same with the polish, even the polish, i don't want germany to be energy efficient, especially not with russia. and the 2nd thing is that they are daily, they deli want to have the trying to see from, from russia, and what to create to them. that even the governments made promises to recreate and poland for 4 credit fees. i mean, the, the g strategic interests are so obvious that i don't believe in, in it just coincidentally, or in just, yeah,

the grant is for heat pumps and replacing your gas.mass or solar, then that isn't to replace those. but if you have got oil or gas boilers, they are fossil fuels and that is what the government is aiming to get rid of so we can meet our net zero strategy. there is a set scheme for a renewable heat incentive for people looking at biomass and solar. it is confusing for consumers, we don't know the details about how this project will work because the press and release only came out today. the devil is in the detail but it is for ripping out, when your gas boiler is up for changing, then that is when this grant would be best for homeowners. richard, question from carol, how do we get the financial help, do they come round to check the home is insulated enough? 0ne politician was on earlier saying that if you get a heat pump and your house isn't insulated it is about as useful as a leaky teapot? there are two things to answer. you can put a heat pump in a less well insulated house. but your bills will be higher. but they can be sized correc

gas it has shipped to europe. so really, i don't see here a point in making all these accusations that russia is behind the energy crisis when russia is, in fact, has never in fact they should say, exported this much natural gas to the e u. the russian president also touched upon the subject of green energy saying that while the new systems that the new pipelines that they are in fact, much more eco friendly and that they allow to reduce the c o 2 emissions into the atmosphere by about $5.00 times now the words in everybody's lips here is of course nord stream, to the words that the russian president did not articulate per se, but certainly the new gus pipeline, the new gas art free going from russia straight into germany is falling under this category and launching it, which has been the launch, has been opposed vehemently by countries like ukraine, poland, or the united states. but this launch could really, could really see this crisis will receive the prices to go down. otherwise it looks like a very costly win

we might keep gas for little bit, but not for long. coal will be phased next decade so it is not going fast enough, but it is certainly picking up speed. marco: -- >> is the current crisis going to derail the transition to green energy? and is the timeframe for the transition unrealistic? >> some would say it is unrealistic and others would say it is going to slowly. there is the energy transition and climate crisis, which we all agree, but there is also a social crisis. we need to make sure that in that transition there will be enough energy delivered from relatively clean sources of fossil fuels until we have all of the infrastructure invested for renewables. so we need to still make sure that the lights don't go out because what is happening now is there is a climate crisis but at this time we might face a very urgent social crisis where those with low incomes might have to decide between heat and food. and that is unacceptable. host: we will get to that later in the program. how much does this energy crisis in europe bring the eu p

actually rushes is filling the gas pipeline with gas, physical pipeline with gas for the 1st time right now. so if of course, western governments, german government would ease the licensing process. now this could be online, available for consumers in a couple of months, weeks, months, but she could geopolitical interests fighting against that. thomas, while we have you here, and i know that you have been a close follower of what's happening as regards russia, nato. and at what happened today, can i get your thoughts or not? how significant a move is russia suspending its permanent mission to nice. so in brussels? well, it isn't in a joke. and knowledge meant of deteriorating western russian relations and use you should see it in together. with what happened in february, when at the meeting of joseph boyle, the 4 in the 4 for a minister, you could say you and said he left off in moscow. it was a meeting in a very bad atmosphere and level of of said that basically russia could hold to leave. it could also stop the e, you, russian cooperation. so we have now the 2nd bilateral form it, the

that's the gas story to slow. that is, he had tools that you should kate so much expansive that we have above all a complete and the investment in gas. and i and i, because of pressure, be it political beat, even traditional pressure. just let me remind you of, of the court case against, or i got shannon amsterdam a few months ago and this is not the only quote. and so it's, and it says conundrum of reasons that have led to this dilemma. but it's a completely whole made dilemma this time if you want, it's not the arabs like in 197379. it's definitely not that the russians are not delivering that russian energy companies, such a gust from fulfilling contracts. but the issue is many fault and the situation that we are in is one of an, a cheap transition. and in an energy transition, you cannot simply move out of anything without moving into something. and this has been the case in germany, right. try to make it greener, but there's no agree that a go at the moment you sonya. on the contrary, that we have now a new o

and also, one point on gas.n presented up to now by the gas industry as a reliable, affordable energy source, which could accompany renewables for a stable transition to clean energy. but with the high gas prices today, the gas industry is getting not good marks from millions of customers around the world. this is something they really need to reflect, in my view. what about china ? because the signals in the run up to the glasgow conference from china have been that, given their problems with energy supply — they've had rolling blackouts, supply side problems — they're rethinking some of the commitments to ease back on investment in new coal production. the prime minister, not long ago, said, "our priority has to be consistency of energy supply above all else." do you worry about the impact this is having on chinese strategic thinking? china is the single most important country when it comes to emissions. they are responsible about 30% themselves of the global emissions. just to give you one example how critica

we went from $2 gas to $3, $4, $ -- i was in california a week and a half ago, $5 gas. i saw it there, which costs families hundreds of dollars a month in transportation costs. i mean, i think mr. crabtree in his testimony says he still hasn't found a job, so not only did he lose his job because of the crazy energy policies, his family is paying more for their transportation costs and other energy needs. and what do democrats do today? they come in and badger companies, tell them to further reduce in some cases production of oil and gas, which is only going to exacerbate the problem. it's literally maybe the craziest thing i have ever heard. but that's where they're at. i don't think the american people are with them, though, and tats the good news. i want to thank those companies who are actually increasing production. mr. somers, i want to thank you for your testimony today. mr. crabtree, you deserve better. and hopefully, hopefully with some changes that i think are coming, because i don't think the american people are going to tolerate this, hopefully you'll be empl

gas industry. we aim for alignment between our positions and those of the trade associations to which we belong. we recognize that associations positions are often a compromise of various perspectives, and we advocate withinit them for our views on climate change. with world leaders on the verge of important international climate gathering in glasco, it's more critical than ever that governments and industry work together to find solutions to this challenge. we know we have a hard road ahead but it's also filled with opportunities. along the way, we welcome debate and public scrutiny, because succeeding in the energy transition is critical both for bp and for the world. thank you for this opportunity. i look forward to your questions. >> thank you. ms. watkins, you are now recognized for your testimony. >> chairwoman maloney, ranking member, ranking member norman and members of the committee, thank you for the opportunity to be here today to discuss the urgent need for action on climate change and

joe king, head of the international gas union, he told us, writing off gas as a major source of global energy is both premature and shortsighted. that we are not already that that's accept the renewable energy in the crew scale. this is an anal tubal, but i think of this a guest has an important role. can i me wise? and that in bottom with wise, the balance between a supply and demand is destroyed. that's why and the gas price as a falling off of that to the main reason you got that electricity and the candidate by the natural gas and coal. but somebody have to pay it and the, the complement, and the by subsidy on the customers. so that is as if we cannot accept the price over the electricity. this is a kind of a catastrophe than those stream. and the sal streaming really for why the security that so euro energize and the warm are moving the program. all know, educational authorities in the u. s. are asking the government to use empty terror laws and unfold the f. b. i against parents who complain about what their children are being taught to unordered to where in the classroom, namely

ah, ah, european gas prices who authorizing were put in towels worship, and a giant gas prone to russia top supplies. americans are losing faith and job biden's ability to turn the economy round up to code it with new pulling, showing it's m r. clause cod becoming disillusioned, the fastest freedom or possible 175 year prison sentence judah songs as faith rests in behalf of the u. k. 's high court as an appeal hearing on a us extradition work where i get home to weigh the orders. poland to co pop a 1000000 years every single day until it bond as a comparable short form trade school system policy will. so take these brussels of black male ah news from russia and around the world. this is all seen to national with me, you lash apollo, thanks for joining us. and the past in europe, which is in the grip of an energy crisis, gas prices have started to fall. the market wretched op to vladimir putin told the trade of russian gas john gas problem to run shop. it's gas williams in european storage facilities. and earlier, my colleague daniel hawkins discussed with the russian president, had to s

[000:00:00;00] a ah, european gas prices for out of letting mit pearson tells russian, john gas prone to rush up, supplying americans a losing faith and jo biden's ability to turn the economy round up to code it with new putting, showing it democrats. he on becoming disillusioned default also this how freedom or possibly 175 year prison sentence, jude and a soldiers of fate rests in the hands of the you have high court as an appeal hearing on a us extradition request gets underway and be you oldest poland to come up a minute years every single day until it abandons a controversial full to its cool system. fronting won't say to accusing brussels of blackmail. ah, you will change on scene to national with me you last you problem. hello, and welcome to the program. fast in europe, which raise and the grip of an energy prices. gas prices have started to fall. the market reactors after vladimir pays in told the chief of russian ganske, john gas prone to rush stopped gas volumes in european storage facilities. and earlier, my colleague, daniel hawkins, discussed what the russian president h

gas prices are at a seven-year high. and heating bills are expected to rise as much as 54% this winter. the biden administration continues to allow illegal immigrants to pour over the southern border. questions remain about the disastrous handling of the afghanistan withdrawal. all while the white house fails to manage the covid-19 pandemic they said would be over by july 4. instead of convening hearings on any of these topics and holding biden administration accountable for its actions, committee democrats have called this hearing because they watched a deceptively reported and edited eight-minute video clip of an exxon lobbyist. committee democrats won't tell the american people that the basis of their misguided inquiry appears to be a multimonth operation launched by activist group greenpeace uk involving fake linkedin profiles, false job opportunities, and deceptive emails and interviews. given the questionable activities undertaken by greenpeace uk to obtain the so-called information at the heart of this investigati

many more eyes are on the gas form and st. petersburg, as the understanding of the crucial role of natural gas in heating and industrial manufacturing in europe has head many decision makers, were in the midst of the worst energy crisis and decades. some of the world's richest countries are struggling and winter is coming. perhaps a cold winter as the forecasts are sang, just ahead of this form the russian president vladimir putin shared his views on what he called mistakes in the european energy policies of the recent years. you just because you can just forget about the stable development of the oil, gas and cold industries. you can see what's happening in europe. this hysteria and confusion, the markets. why is because they don't take it seriously. so must speculating about climate change or there's underestimates in things, and they're those reducing investments and nick starts of industries. there should be a smooth transition in st. petersburg russians, top energy officials and the most senior management ad gas from russ

so on gas is coming. liquified gas is coming from the west. they can deliver more, but the, the energy terminals cannot, cannot double their capacity when go like that they need for us to build new ones if need be. but the easiest is, of course, to get the gas from russia through all stream to and again, there is gas everywhere, and russia is not stopping this gas from being the liver thing is that we need to finalize all stream to and it's a matter of months at most so everything is fine in the spring next time by by then lake gardens stood there, utmost to protect their people. so what's gonna happen between now in the spring, the re briefly 30 seconds. do you think we nobody really knows what's going on. maybe it's not looking great, is it? no, of course di and consumers will see and song it's so bill for, for a gas increased by a $12300.00 euro on, depending if they heat or if they only cook with natural gas. of course, gas is only used by half the population, for example, in france. not more because of course, it's not the literal gas. na

some of the nations are continuing to act as the staunchest enemies of gas prom and natural gas exports from russia. probes, investigations are being launched in particular. the european commissions competition department is currently gathering evidence to see if gas suppliers are manipulating the market during the energy crisis. they're not specifically mentioning gas from, but it's clear what they're driving at. only recently, poland coal on the european commission to open an investigation and to whether gas from broke 80 rules in failing to make extra gas volumes available on the spot markets. but there you have a lot of more prudent has sent a clear message. the volumes of the european storage facilities will be boosted with russian natural gas. the prices have fallen, and perhaps at this point, it will simply be unfair towards russia to fail to notice that these efforts on the part of moscow or otherwise that can all be explained through pure politics. just in terms of reaction, we got to what is occurring, jimmy, german, emmy, p, maximillian, cry fields. moscow is doing more for e

so let's, let's talk more about this gas issue and what, what is going to a bit of a gas argument really. so no stream to the, the latest russian gas pipeline going directly from russia under the baltic into germany. it's basically completed now and they've just started putting gas just in the 1st section of his pipeline now. so it's not going to get to europe for a while. but there are numerous rash, russian gas pipelines that feed europe from the north, from the east, from the south as well. does it, you know, after all these years of anti russia rhetoric, i wonder if i rhetoric going to get louder, or is it going to lesson? because some are saying with all this, russian gas providing 50 percent of europe security needs and energy needs. it puts putin in a position of strength. what do you say about that? i, my argument usually is that if we have the ties to russia, then of course we create some dependencies to russia. but dos dependencies bring us independence on the other side from united states of america. so you create independence by having alternatives. and europe usually had a t