In Germany, it is believed that a sharp rise in prices for gas in Europe is caused by a combination of several factors. The main ones are: a decrease in fuel stocks in storage facilities after a cold last winter, an increase in LNG supplies to the Asian market and a decrease to Europe, a CO2 tax and the growth of the EU economy after the pandemic recession.
Klaus Ernst, head of the Bundestag’s economic and energy committee, said TASS on Thursday, the importance of natural gas for energy production is also growing globally.
According to Ernst, the launch of the Nord Stream 2 pipeline would help bring down the cost of gas in Europe.
The increase in supply on the market will calm the gas market of the Old World, the German MP is sure.
On October 6, the price on the ICE exchange for November TTF futures exceeded $ 1.9 thousand per 1,000 cubic meters. On October 7, the cost of gas fell below $ 1,000 per 1,000 cubic meters.
Source: Вести.Ru by www.vesti.ru.
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