Gas prices are rising again

14.09.2021. / 15:41

MOSCOW – The price of natural gas on the European market jumped, so today, according to the ICE stock exchange, it achieved another record, exceeding $ 800 per 1,000 cubic meters.

FOTO: Pixabay

The price of October futures in the Dutch TTF on September 14 exceeded 800 dollars for 1,000 cubic meters, or 65.50 euros per megawatt-hour in the household.

With an increase of more than $ 70 per 1,000 cubic meters in just one day, the price of gas in Europe is now the highest in the last decade.

Experts warn that, although the current jump in commodity prices in Europe is abnormal and volatile, new records are more than possible given the small volume of storage and the rapidly approaching winter.

Gas prices can even reach $ 1,000 for the same number of cubic meters, but the situation will depend on a number of factors, including rising gas prices in the Asian market and weather conditions, experts note.

Russia could save the situation for the European energy market after launching gas deliveries through the newly completed Nord Stream Two gas pipeline, Dmitry Marinchenko, director of the group for natural resources and goods at the Fitch rating agency, told TASS.

“At this point, launching Nord Stream Two could increase gas supplies.”he said.

Deputy head of the Russian Energy Security Fund Alexei Grivach pointed out that an increase in supply is obviously needed, since the daily capacity of gas supply through the two branches of “North Stream Two” is comparable to the total amount of liquefied gas now supplied to Europe, Rasha Tudej reported. ”.


Source: Capital.ba – Informacija je capital by www.capital.ba.

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