Kremlin: Russia has received a large number of energy procurement applications

Ask AI · How the global energy crisis is prompting multiple countries to turn to Russian energy?

Reference News Network, April 8 According to Reuters on April 7, the Kremlin said on the 7th that amid a severe global energy crisis shaking the foundations of the oil and natural gas markets, multiple regions have put forward large requests to procure Russian energy. The war between the United States and Israel against Iran has led Iran to close the Strait of Hormuz to most ships, trapping large amounts of oil in the Gulf region, thereby triggering an energy crisis that affects the global economy.

As this crisis unfolds, Europe is trying to move away from its reliance on Russian energy. Meanwhile, because Ukraine has attacked Russia’s oil infrastructure, Russia itself is also preparing to cut production.

Kremlin spokesman Dmitry Peskov told reporters: “Today, the world has become unquestionably convinced that it is entering a fairly serious economic and energy crisis, and this crisis is increasingly worsening. The markets and trends in the energy and energy resources sector have been completely changed. (Outside Europe) alternative customers are making large requests to purchase our energy resources. We are holding negotiations, and the way we conduct our negotiations will make this situation maximally in our interest.”

Russia is the world’s second-largest oil exporter after Saudi Arabia, with daily crude oil production of about 10 million barrels, around half of which is used for exports. Russia also has the world’s largest natural gas reserves. Reuters reported recently that despite this, Russia may actually have to cut oil production, because Ukraine’s strikes on ports, oil pipelines, and refineries have reduced its export capacity by 1 million barrels per day.

As Reuters reported last month, due to supply disruptions caused by the Iran war, Asian countries including Vietnam, Thailand, the Philippines, Indonesia, and Sri Lanka are queuing to buy Russian oil, increasing the likelihood of a supply-demand imbalance. (Compiled/ Qing Songzhu)