Sergey Tsivilev has said Russia will push for unrestricted energy flows at the G20<\/p>\n
Russia will remain a guarantor for international energy security and cannot be excluded from global supply chains, Russian Energy Minister Sergey Tsivilev told TASS on Tuesday.
\nThis interview preceded a three-day G20 energy ministers meeting in Houston, Texas, set to run Monday to Wednesday.
\n\u201cThe objective reality is that our country cannot be excluded from global supply chains. Russia has been, is, and will undoubtedly remain a reliable supplier of energy resources and a guarantor of energy security,\u201d Tsivilev told TASS.
\nThe country possesses the world\u2019s largest oil and gas reserves and ranks fifth globally in coal reserves and fourth in LNG production, he added.
\n\u201cFurthermore, Russia is the undisputed leader in nuclear technologies, commanding approximately 90% of the global market for nuclear power plant construction,\u201d Tsivilev said.<\/p>\n
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Ukrainian attacks fueling global \u2018energy shock\u2019 \u2013 US Treasury secretary (VIDEO)<\/p>\n
At the G20 summit, Russia is proposing that \u201cglobal energy security and economic stability\u201d be ensured via open energy trade without sanctions or other restrictions, he added. This would guarantee \u201cthe unhindered flow of energy resources to where they are most needed, thereby reducing the risk of supply disruptions,\u201d the minister said.
\nHe emphasized that the world is currently facing \u201cthe most serious energy logistics crisis in modern history\u201d stemming from disruptions to energy supplies through the Strait of Hormuz. The key waterway once facilitated approximately a quarter of the global oil trade, but has been severely obstructed due to the ongoing US conflict with Iran.<\/p>\n
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Trump issues Ukraine diesel deal claim<\/p>\n
The crisis has also been linked to the war in Ukraine. US Treasury Secretary Scott Bessent said Ukrainian attacks on Russian energy facilities had contributed to a global \u201cenergy shock\u201d and higher prices, including for Americans. US diesel prices hit a record national average of $6.27 per gallon on Tuesday, according to the American Automobile Association.
\nOn Monday, President Donald Trump claimed that he had brokered an agreement for Russia and Ukraine to halt strikes on each other\u2019s energy infrastructure.
\nThe Kremlin called the proposal \u201ca very good idea\u201d but did not confirm whether Russia had agreed to such a deal. \u201cWe are in contact with the Americans. We are always on the side of peaceful solutions,\u201d Kremlin spokesman Dmitry Peskov said at a briefing on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sergey Tsivilev has said Russia will push for unrestricted energy flows at the G20 Russia will remain a guarantor for international energy security and cannot be excluded from global supply…<\/p>\n","protected":false},"author":1,"featured_media":38198,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-38197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t