When attending the Verona Eurasian Economic Forum held in Italy, Sechin, President of Rosneft, said that the century long era of low energy prices may end. Xie Qin said that high energy prices will certainly slow economic growth, and the era of low energy prices, which plays an important role in stimulating world economic development, may end.

Quoting the forecasts of Citibank and Goldman Sachs, Xie Qin said that the ultra-high natural gas price may increase the additional oil demand to 1 million barrels a day, which may cause the oil price to "overheat". In addition, the climate change agenda has shifted investment in oil and gas development to renewable resources, which will also put pressure on oil and gas production.

Xie Qin also stressed that the limitations of the current capitalist model have made it impossible for the world to find a way out of the energy crisis. In order to avoid the energy crisis spreading to the whole global economy, it is necessary to ensure the coordination and cooperation between regulators, suppliers and consumers.