Categories: News

The president of Serbia believes that the energy crisis in Europe could last up to 2 years

The president of Serbia, Aleksandar Vucic, said this Sunday that the energy crisis in Europe could last from six months to two years, informs RIA Novosti.

“This crisis it won’t fix itself. In the next 6 months the crisis will not be solved. I fear that it may continue even for two years, “the president said at the press conference after his meeting in Belgrade with Russian Foreign Minister Sergey Lavrov.

According to Vucic, the instability of the natural gas market could affect prices in several other sectors, such as food or construction materials.

On October 9, the Serbian president declared that the gas crisis in Europe was partially triggered by the fact that Europeans they did not “sign long-term contracts” for the supply of Russian gas to the European Union. At the same time, he specified that Serbia is conducting negotiations with Russia to buy the hydrocarbon at reduced prices.

The price of natural gas in Europe began to skyrocket last month amid fuel shortages the EU is facing after depleting its reserves. On October 9, the price of the futures of November 2021 in the European market reached a historical record when it reached the $ 1,936 per 1,000 cubic meters on the London ICE Futures Exchange.

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