HOUSTON (USA), Mar 6 The global gas market has undergone major structural changes since the start of Russia's special military operation in Ukraine, Mike Wirth, head of the American oil and gas company Chevron, said on Monday.
“Gas markets have changed structurally to the greatest extent since the start (of Russia's special operation) in Ukraine,” Wirth said at the opening of one of the leading international energy conference CERAWeek, which started in Houston, USA.
According to him, the United States, which has previously been a major exporter of natural gas, will probably now increase its supplies to other countries even more. «This, in turn, entails changes in pricing mechanisms,» — said the head of Chevron.
Assessing the transformation of the global oil market under the influence of the situation around Ukraine, Wirth expressed the opinion that he is still trying to adapt to the current geopolitical events.
«Russian oil, as you know, is still entering various markets,» — said the head of the American oil and gas giant.