As it stands, Russia supplies some on average 1,600TWh of gas per year to Europe which represents 40% of Europe’s needs.

Following the meetings, Grossi posted pictures of the talks, giving an upbeat update: "Constructive and important meeting with Sergei Lavrov in Antalya, Turkey, this afternoon. We are making progress on the safety and security of nuclear facilities in Ukaine." "Important and forward-looking conversations with Dmytro Kuleba today in Antalya, Turkey. Progress being made on the safety and security of nuclear facilities in Ukraine."

Turkey relies on Russia for 45% of its natural gas demand, 17% of oil and 40% of its gasoline, Deputy Energy and Natural Resources Minister Alparslan Bayraktar said in remarks on the sidelines of the CERAWeek energy conference.

The German energy group Uniper has decided to sever ties with Russia. Shell will withdraw from Russian hydrocarbons, including crude oil, petroleum products, gas and LNG in a phased manner.

Абсолютно очевидно, что отказ от российской нефти приведёт к катастрофическим последствиям для мирового рынка. Всплеск цен будет непредсказуемым – более 300 долларов за баррель, если не больше.

"It is absolutely obvious that refusing Russian oil would lead to catastrophic consequences for the global market. The price surge would be unpredictable – to more than $300 per barrel, if not more," said Russian Deputy Prime Minister Alexander Novak.

Despite the high discount on Russia's Ural oil premium and sanctions .It seems that the rise in oil prices will eventually lead to the growth of Russia's foreign exchange earnings in 2022 and the improvement of its foreign exchange reserves, which is contrary to the goals of Western sanctions and USA.

But events in Europe may cause a rethink about natural gas, both as a transition fuel in the United States and a foreign policy tool.

Russian hackers, which are often linked to the state, are believed responsible for the Colonial Pipeline hack last spring that sent the eastern U.S. into a fuel frenzy.

During the conversation, it was noted with satisfaction that OPEC+ member countries are consistently fulfilling their obligations to help ensure stability on the global oil market. Russia and Saudi Arabia will continue to coordinate approaches within this format.