Russia to help stabilize global energy market — Lavrov

Business & Economy November 10, 1:00

Sergey Lavrov also said that Russia is among the leading exporters of hydrocarbons to Asia, Africa, and Latin America

MOSCOW, November 10. /TASS/. Russia will contribute to normalizing the functioning of the global fuel and energy sector, Russian Foreign Minister Sergey Lavrov said in an article titled "The Impact of Global Economy on International Security" for Kommersant newspaper.

"Russia will continue to contribute to normalizing global fuel and energy markets, the maintenance of global energy security, and the balanced and sustainable development of countries and macro-regions. We are among the leading exporters of hydrocarbons to Asia, Africa, and Latin America. Significantly, Russian deliveries of oil and mineral resources to ASEAN countries alone increased by 40% in the first quarter of this year. We are building up our unique expertise in nuclear energy and implementing cutting-edge projects, including small modular reactors and floating nuclear power plants," he wrote.

The foreign minister noted that Moscow successfully hosted the 8th Summit of the Gas Exporting Countries Forum and the Russian Energy Week International Forum in October, featuring comprehensive discussions on the state of oil and gas markets. "The main conclusion was that the sustainable development of the energy sector for the benefit and prosperity of the nations is possible only if it is depoliticized," Lavrov added.

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