Moscow announces ‘neighbors first’ energy policy: Who is likely to get Russian oil and gas?

Global instability is forcing countries to rethink long-distance energy trade, Russian Energy Minister Sergey Tsivilev has said

By RT International

Russia plans to prioritize energy exports to neighboring countries deemed less exposed to global disruptions, Energy Minister Sergey Tsivilev has said.

Recent US-Israeli strikes on Iran and Tehran’s response have shaken global oil and liquefied natural gas markets, disrupting supplies from the Persian Gulf and casting uncertainty over future production.

”The entire world will have to reevaluate supply chains and reassess risks,” Tsivilev told reporters on Wednesday. While Russia’s own exports have not been directly impacted by the Middle East crisis, the country will still adjust its strategy, he added.

“We will prioritize energy deliveries to our closest neighbors, with whom we share land borders and face fewer risks,” the minister said. “We will also reconsider the logistics of oil transportation.”

Read Full Article Here… | RT International

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