Novak: many unpredictable things ahead in gas market in winter

Novak: many unpredictable things ahead in gas market in winter

The winter season in the Northern Hemisphere with many uncertain factors could lead to new price spikes in the market, Russian Deputy Prime Minister Alexander Novak told the "Moscow. Kremlin. Putin" program on the Rossiya-1 TV channel.

It is EU energy policy has led to the current market situation, Novak said. "Short-sighted policy has contributed to the fact that we are witnessing a collapse in the energy markets of Europe," he said.

"And this is not yet the limit, because we are still in the warm season, we still have winter ahead of us, and there is a lot of unpredictability," the deputy prime minister said.

Novak did not rule out that gas prices would continue to rise: "Well, in my opinion, it is not impossible."

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