TotalEnergies CEO Patrick Pouyan said today that gas prices in European markets would rise until a clear decision was made that hydrocarbons should be Europe’s energy choice in the long run.
“It is very clear to me that the price of gas in Europe will be higher tomorrow than yesterday. In fact, we will be able to restore this price if we accept that gas belongs to the European energy mix,” Puyian told the annual forum. Doha, Qatar
His company is not going to make new investments in Russia, he said.
“Clearly what we have said is that we are fully committed to enforcing all the sanctions,” Pouyan said, adding that this means no new investment.
“So the question for us is what do we do with the existing assets. And we are not ready to give them for free to the Russian people, to the Russian oligarchs or to Russia,” he concluded.
Source: AMPE
Source: Capital
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