Europe predicted a decline in gas prices – 2024-04-09 13:04:07

by times news cr

2024-04-09 13:04:07

In 2024, prices in the European and Asian energy markets will decrease, and in the United States, on the contrary, they will increase. This was reported by Kommersant with reference to the consensus forecast of Focus Economics (FE) analysts, Day.Az reports with reference to Lenta.ru.

As experts have clarified, this year gas prices in Europe will remain at a higher level than before the coronavirus pandemic. Analysts associated such dynamics with the loss of Russian supplies. At the same time, the cost of fuel on the European market returned to the level of the end of 2021 already in the first quarter of 2023.

However, the risks of price fluctuations in the region will still remain in 2024. In 2025, such threats will continue against the background of the cessation of fuel transit through the gas transportation system (GTS) of Ukraine. An additional factor that could lead to higher prices could be the restoration of industrial production in the region after a protracted crisis, FE summarized.

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