Global Gas Prices Surge, Could Retreat - Putin

© Пресс-служба Кремля / скриншот из видео

Russian President Vladimir Putin warned that the rapid increase in global gas prices could be followed by an equally swift decline. He made the statement during the summit of the Gas Exporting Countries Forum (GECF).

Putin noted that after the sharp rise, prices could return to previous levels. He emphasized the possibility of a market reversal, stressing that the current price hike does not guarantee sustained high rates in the future.