Transcripts for BBCNEWS World Business Report 20210923 04:35

BBCNEWS World Business Report September 23, 2021 04:35:00

we are being warned higher energy prices after some time. this situation has been building for a lot of the year, a lot— building for a lot of the year, a lot of— building for a lot of the year, a lot of it _ building for a lot of the year, a lot of it linked to a lack of russian _ a lot of it linked to a lack of russian gas going into the european balance and we have to remember— european balance and we have to remember this is notjust a uk problem — remember this is notjust a uk problem but a euro wide problem and the _ problem but a euro wide problem and the keys and in terms of how— and the keys and in terms of how quickly we can get prices back— how quickly we can get prices back down on the wholesale market _ back down on the wholesale market within europe and the uk depends— market within europe and the uk depends on those increases and russian — depends on those increases and russian supply coming into that balance, — russian supply coming into that balance, and there's a lot at stake — balance, and there's a lot at stake with their. the international energy agency was calling _ international energy agency was calling on russia to ramp up its supply to europe, which is lower— its supply to europe, which is lower than before the pandemic right— lower than before the pandemic right now. lower than before the pandemic riaht now. ~ , , ,, ., ., right now. why is russia not doinu right now. why is russia not doing that. _ right now. why is russia not doing that, do _ right now. why is russia not doing that, do you _ right now. why is russia not doing that, do you think? i right now. why is russia not i doing that, do you think? you are right. _ doing that, do you think? you are right, the _ doing that, do you think? w'm. are right, the european demand has recovered two more or less a pre— pandemic baseline but russia spends about 30 to 40%

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