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Post: Chevron explains the special operation’s impact on changes in the global gas market


A pipeline designed to transport Russian gas to the EU. archive photo

Chevron announces structural changes in global gas market since special operation started

HOUSTON (USA), 6 March – RIA Novosti. The global gas market has undergone major structural changes with the start of Russia’s special military operation in Ukraine, Mike Wirth, president of US oil and gas company Chevron, said on Monday.

“Gas markets have changed in the most structural way since the start of[Russia’s special operation]in Ukraine,” Wirth said at the opening of CERAWeek, one of the leading international energy conferences that started in Houston, USA. said.

According to him, the US, formerly a major exporter of natural gas, is now likely to further increase its supply to other countries. “This, in turn, requires changes in pricing mechanisms,” said Chevron’s chairman.

Evaluating the transformation of the global oil market with the effect of the situation around Ukraine, Wirth expressed the opinion that he is still trying to adapt to current geopolitical events.

“As you know, Russian oil is still coming to various markets,” said the head of the American oil and gas giant.

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Source: Ria

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