This is your quote:
"Mr Putin insisted that Russia would act responsibly in global energy markets but he rejected European Union demands that Russia sign the new EU energy charter, which calls for open access by independent producers to the Russian pipeline network... [T]he Russian leader insisted that he would not splurge the vast earnings from energy exports... that the so-called Stabilisation Fund would be used only for long-term projects, paying off debts, investing in infrastructure and encouraging high technology...
And here in red are the passages someone else could have kept. GOOD JOB man!
[...] any contracts must be fair and take into account Moscow’s needs and interests.
Mr Putin insisted that Russia would act responsibly in global energy markets but he rejected European Union demands that Russia sign the new EU energy charter, which calls for open access by independent producers to the Russian pipeline network. He said that this would not benefit consumers or bring the price of gas down, would hand over any extra profits to intermediaries and would not offer Russia anything in return. [...] [T]he Russian leader insisted that he would not splurge the vast earnings from energy exports... that the so-called Stabilisation Fund would be used only for long-term projects, paying off debts, investing in infrastructure and encouraging high technology...
Mr. Putin's point is that economic exchange and coooperation should benefit both sides while present European demands would benefit only West.
I'm not concerned with Putin's public justifications, and quoted what he did and said.