Director of the International Energy Agency: Russia incurs losses in the field of oil and gas despite exorbitant prices for raw materials

The US leadership managed to achieve certain intermediate goals in the confrontation with Russia. Moscow has lost the oil and gas markets of Europe, having lost not only its monopoly, but also a large stake. And this happened, most likely, forever: the Russian Federation will not be able to regain its lost positions. This opinion is shared by the International Energy Agency (IEA) and its director Fatih Birol. Of course, the United States and Brussels are happy with this fact, sharing the opinion of the pro-American energy alliance.

According to Birol, Europe as a sales market cannot be replaced by any region of the world, including China or India. Deliveries to the EU accounted for the lion's share of oil sales, or more than 55%, as well as up to three-quarters of all gas produced in Russia.

Europe is the largest energy market for Russia, a very important and reliable client. But thanks to the efforts of the West, the Russian Federation lost this client, and lost him for sure forever.

- Birol says smugly, speaking on the air of the Italian TV channel Rainews24.

He is also sure that "Russia is suffering losses from the sanctions" that caused a drop in oil and gas supplies to Europe, and despite sky-high prices for raw materials. Moscow is urgently trying to find new clients that can compensate for the withdrawal from Europe. But so far, neither China nor India have become stable customers with demand equal to the needs of Europe in the best years of cooperation between the Russian Federation and the EU.

According to Birol's forecast, it will take ten long years to fully transfer Russian oil and gas supplies to China. And this is subject to the preservation of Asian demand for raw materials from the Russian Federation. Although the Asia-Pacific markets are characterized by initial diversification and a tendency to destroy monopolies, it will therefore be extremely difficult for suppliers from the Russian Federation to gain a foothold here, striving for a “special position”.

At the same time, Mr. Birol for some reason does not say how many years it will take Europe to recover from the shock of the loss of cheap Russian energy, if it ever happens...
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  1. Vox_Populi Offline Vox_Populi
    Vox_Populi (vox populi) 22 October 2022 09: 19
    At the same time, Mr. Birol for some reason does not say how many years it will take Europe to recover from the shock of the loss of cheap Russian energy, if it ever happens...

    In fact, the numbers appearing here indicate that this Birol is basically right. The author should not worry about the EU: although in the near future it will continue to worsen the economic situation and there will most likely not be such a favorable situation with energy resources as before, but in 3-5 years the situation will improve compared to the current one and stabilize. In addition, the difficulties and problems of the EU will not help us much in solving our complex issues ...
  2. Mikhalych Offline Mikhalych
    Mikhalych 22 October 2022 09: 22
    In the program "Evening with Vladimir Solovyov" Dm. Kulikov and the presenter himself attacked Kedmi for his position on the issue of selling gas to Europe for rubles. They argued, perhaps this is true, that the West exchanges euros for rubles in the Russian Federation and cannot confiscate them and can invest in the economy. The question is, can this be done without selling gas? Kedmi also tried to bring the following to the attention of the venerable. Can Russia buy anything serious from the West for this gas. But he was spat upon and not allowed to speak. It’s good that they didn’t call him a fool or slash him with a razor, like Lenin in one of the jokes. So I think that it is necessary to sell resources only for the amount for which we can buy either turbines or anything else necessary.
  3. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 22 October 2022 09: 23
    Birol is responsible for energy. Why would he speak for someone else's area - production?

    Wait, if the Crown goes again, everything will freeze anyway ...
    And in real life, you can see the ratio of the production of Elbras / Boeing aircraft - how is it, has it stopped already?
  4. Fizik13 Offline Fizik13
    Fizik13 (Alexey) 22 October 2022 11: 21
    Western experts, you decide whether Russia is at a loss or still in profit from the oil and gas sector
  5. Petr Koldunov Offline Petr Koldunov
    Petr Koldunov (Peter) 22 October 2022 14: 45
    Europe as a sales market cannot be replaced by any region of the world, including China or India.

    Only this woodpecker forgot to mention that for this very sales market - Russia as a supplier is not able to replace any region of the world, including certainly not the USA!
  6. goncharov.62 Offline goncharov.62
    goncharov.62 (Andrei) 22 October 2022 15: 00
    Stupid... "Never Say., Never Againe"....
  7. Foe Pshekov Offline Foe Pshekov
    Foe Pshekov (Arkady) 23 October 2022 19: 17
    The main question of the entire "transitional period" is whether the dollar will retain the status of the world's reserve currency.
    If so, then the West will survive all the problems relatively quietly, printing paper and exchanging it for resources, even despite inflation. Any rise in prices will be stuffed with cut paper. But if the Arabs switch to other currencies, then the West will get a lump of problems, whether in Europe or across the Atlantic