Any attempts to exclude Russia from gas market raise costs for consumers, Russian President Vladimir Putin said on Tuesday (October 27) at the Gas Exporting Countries Forum (GECF) hosted by Moscow.

"I would like to reiterate that any attempts to exclude Russia from participation in the global gas market or to hinder the development of this industry in our country have serious consequences, above all in the form of rising, exorbitant costs for foreign end consumers of gas, including companies, businesses and households. This is exactly what we are seeing in Europe now."

Putin also said that expected growth in global demand for natural gas makes it necessary to optimize supply routes and expand swap and other mutual operations.

"The main problem today is the disruption of gas supplies. Large volumes of supply have been removed from the market in a short period of time, while demand has not disappeared. Therefore, it is necessary to work on optimizing transportation routes, taking into account the geographical location of the Forum's member countries, through reciprocal operations among them, that is, among ourselves," he said.

Russian president mentioned that Russia and the United States are exploring the possibility of cooperation in the Arctic.

"In the Arctic, we are actively working with many countries around the world that are interested in joint projects. Until quite recently, European partners worked alongside us at our fields, and Chinese partners have worked with us as well. We are currently exploring the possibility of joint work with American partners," Putin said.

Russia is open to cooperation and to the exchange of technological developments in the gas sector, he added.

The GECF's 12 members are Algeria, Bolivia, Venezuela, Egypt, Iran, Qatar, Libya, Nigeria, Russia, Trinidad and Tobago, Equatorial Guinea and the United Arab Emirates. According to Russian authorities, the Forum's members account for 70% of the world's proven gas reserves, 38% of production, 42% of global gas exports and 47% of LNG exports.

DESCRIPCIÓN DE IMÁGENES

Putin says attempts to exclude Russia from gas market raise costs for consumers, talks cooperation with US

VIDEO SHOWS: RUSSIA HOSTING 8TH SUMMIT OF GAS EXPORTING COUNTRIES FORUM / DELEGATIONS ARRIVING AT FORUM / RUSSIAN PRESIDENT VLADIMIR PUTIN GREETING FORUM'S MEMBERS AND TAKING FAMILY PHOTO / PUTIN SPEAKING AT SUMMIT ABOUT GAS GLOBAL MARKET, RUSSIA'S COOPERATION WITH US

SHOWS: MOSCOW, RUSSIA (OCTOBER 27, 2026) (HOST BROADCASTER - Access all)

1. VARIOUS OF BUILDING ENTRANCE WHERE 8TH SUMMIT OF GAS EXPORTING COUNTRIES FORUM TAKES PLACE

2. VARIOUS OF IRANIAN DELEGATION MOTORCADE ARRIVING

3. IRANIAN PRESIDENT MASSOUD PEZESHKIAN WALKING

4. GAS EXPORTING COUNTRIES FORUM FLAG, VENEZUELAN AND UAE NATIONAL FLAGS WAVING

5. VARIOUS OF QATARI DELEGATION MOTORCADE ARRIVING

6. AMIR OF QATA TAMIM BIN HAMAD AL THANI WALKING

7. QATARI AND RUSSIAN NATIONAL FLAGS WAVING

8. PUTIN STANDING AND SMILING

9. VARIOUS OF PUTIN GREETING PEZESHKIAN

10. CLOSE-UP OF OFFICIAL BANNER OF 8TH SUMMIT OF GAS EXPORTING COUNTRIES FORUM

11. VARIOUS OF PUTIN GREETING BIN HAMAD AL THANI

12. BUILDING ENTRANCE WHERE FORUM TAKES PLACE

13. VARIOUS OF TRADITIONAL GROUP PHOTO OF FORUM'S PARTICIPANTS

14. PUTIN ARRIVING AT FORUM'S PLENARY SESSION

15. UAE'S MINISTER OF STATE AT MINISTRY OF FOREIGN AFFAIRS SAEED BIN MUBARAK AL HAJERI SITTING AND LISTENING AT PLENARY SESSION

16. PUTIN SPEAKING

17. (SOUNDBITE) (Russian) RUSSIAN PRESIDENT, VLADIMIR PUTIN, SAYING (STARTS OVER BIN MUBARAK AL HAJERI LISTENING):

"Yes, in recent years Russian gas companies have faced certain difficulties, including restrictions imposed by some countries. In this regard, I would like to reiterate that any attempts to exclude Russia from participation in the global gas market or to hinder the development of this industry in our country have serious consequences, above all in the form of rising, exorbitant costs for foreign end consumers of gas, including companies, businesses and households. This is exactly what we are seeing in Europe now."

18. JOURNALISTS LISTENING

19. (SOUNDBITE) (Russian) RUSSIAN PRESIDENT, VLADIMIR PUTIN, SAYING (STARTS OVER JOURNALISTS LISTENING):

"The main problem today is the disruption of gas supplies. Large volumes of supply have been removed from the market in a short period of time, while demand has not disappeared. Therefore, it is necessary to work on optimizing transportation routes, taking into account the geographical location of the (Gas Exporting Countries) Forum's member countries."

20. RUSSIAN DEPUTY PRIME MINISTER ALEXANDER NOVAK LISTENING

21. (SOUNDBITE) (Russian) RUSSIAN PRESIDENT, VLADIMIR PUTIN, SAYING (STARTS OVER NOVAK LISTENING):

"Global demand for natural gas will continue to grow in the long term. (PUTIN IN SHOT) Therefore, it is necessary to increase gas supply, develop new fields, modernize processing capacities, and invest in transportation projects, including maritime fleets and infrastructure for the shipment and reception of LNG."

22. WIDE HOT OF PLENARY SESSION IN PROGRESS

23. (SOUNDBITE) (Russian) RUSSIAN PRESIDENT, VLADIMIR PUTIN, SAYING (STARTS OVER NOVAK LISTENING):

"Russia is open to cooperation and to the exchange of technological developments in the gas sector. I propose that we discuss approaches to such cooperation and establish it within the framework of our Forum. In the Arctic, which I mentioned earlier, we are actively working with many countries around the world and are interested in joint projects. Until quite recently, European partners worked alongside us at our fields, and Chinese partners continue to do so. We are currently exploring the possibility of joint work with US partners as well."

24. VARIOUS OF PLENARY SESSION IN PROGRESS