Russia's second-largest natural gas producer: Squeezing out Russian liquefied natural gas will lead to soaring gas prices.

The chairman of Novatek, the second largest natural gas producer in Russia, Mr. Mikhelson, stated on the 30th that the West cannot exclude Russian liquefied natural gas from the global supply and demand balance, forcibly doing so would lead to a significant increase in gas prices, harming the interests of European consumers. Mikhelson said that Russian liquefied natural gas production accounts for over 10% of the global total, therefore excluding it from the global supply and demand balance is not realistic. The chairman of the European Commission, von der Leyen, previously stated that the EU's 19th round of sanctions against Russia was the first time the EU targeted the Russian natural gas industry. The International Energy Agency recently released a report stating that in the first three quarters of this year, U.S. exports of liquefied natural gas to Europe increased by 60%, with U.S. liquefied natural gas accounting for 60% of Europe's total imports, surpassing Russia as the largest supplier of liquefied natural gas to Europe.