“Without Russian gas, part of the European economy would collapse,” says the CEO of France’s TotalEnergies.

Sputnik Brazil – On Wednesday, Patrick Pouyanne, CEO of French oil and gas company Total Energy, said that there are no alternatives to Russian gas in Europe, and that part of the European economy would collapse without fuel.

The executive announced yesterday (22) that the company will stop buying oil and its derivatives from Russia due to the situation in Ukraine, but explained why gas in the country is necessary.

“I know how to replace Russian oil and diesel, but gas I don’t know how to do. If I decide to stop exports of Russian gas, I don’t know what it can replace. Without Russian gas, it’s part of Europe.” “The economy will collapse. Gas is important for Europe,” Boyan told RTL radio.

According to him, if the continent completely stops importing gas from Russia, it will face serious problems in the winter of 2023.

The CEO also highlighted that TotalEnergies not only intends to continue in this sector, but the company’s competitors maintain their operations in the country due to contractual obligations.

“No, I won’t do that. [se retirar completamente do mercado russo] I will explain why. Today I do not have any operations in Russia, but I have investments in factories of about 13 billion dollars [cerca de R$ 63,6 bilhões]. But it is not about money, it is about the fact that these factories will continue to operate no matter if I withdraw, and the Russians are good at running the factories.”

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