Gas price may continue to break records in case of cold winter and gas shortages

This forecast was voiced by Dmitry Marinchenko, senior director of the group for natural resources and commodities of the international rating agency Fitch, TASS reports.

Gas price may continue to break records in case of cold winter and gas shortages

For the first time in history, the price of gas in Europe exceeded $ 1,000 per 1,000 cubic meters. m. and may continue to grow in the event of a cold winter and a physical shortage of gas on the market.

“The main test for gas prices and consumers will be in winter – in case of cold weather and physical shortage, prices may soar even higher than now,” Marinchenko said.

Also, the current rise in gas prices in Europe was influenced by the approaching heating season and winter. In addition, the rise in prices reflects the continuing competition between European and Asian buyers for LNG, the low occupancy of European gas storage facilities and insufficient growth in supply from the largest gas suppliers to Europe, primarily Gazprom.

In addition, this morning, gas flow through the Yamal-Europe gas pipeline dropped by more than 2 times. According to the European gas transmission operator Gascade, gas pumping through Yamal – Europe fell by almost 60% compared to the previous day – to 1.45 million cubic meters. m per hour with just over 3.4 million cubic meters. m per hour. But Gazprom said that the decrease in supplies through Yamal-Europe is temporary and caused by the requests of one of the clients.

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