Putin's incidental remarks cause gas prices in Europe to fall

Russian President Vladimir Putin caused prices on natural gas in Europe to fall with only one phrase that he said, the German publication Die Welt wrote. The authors of the article in the German newspaper said that on October 27, during a cabinet meeting, Russian President Putin instructed Gazprom to fill underground gas storage facilities in Germany and Austria. Additional fuel volumes will stabilise prices on the European energy market, Putin noted. Gazprom CEO Alexey Miller assured the President that the concern would proceed to act so to finish the gas injection process until November 8. Putin instructed Miller to inform him about the progress. It was because of those nearly incidental remarks that gave European countries an opportunity to breathe a sigh of relief, the publication says. Against the backdrop of the above-mentioned statements, gas prices in Europe began to fall. In particular, gas futures prices in the Netherlands fell by 15 percent.