The gas price may remain at high levels in 2022 due to the existing balance of supply and demand, Deputy Prime Minister Alexander Novak said on the air of the Russia 24 TV channel.
“The balance of supply and demand is such that the price [на газ] high enough. I think that next year it will be at high levels, ”Novak said (quoted by TASS). He noted that Russia has always been in favor of concluding long-term contracts for gas supplies.
The growth took place against the backdrop of Gazprom’s refusal to reserve capacities for gas transit via the Yamal-Europe pipeline to Germany via Poland on Tuesday, December 21 (the Russian holding is buying up pumping capacities at daily auctions this month). After that, the physical flow of gas through the pipeline stopped and supplies were switched to reverse mode from Germany to Poland.
The day before, at the close of trading in Europe, the gas price dropped below $ 1,500 per 1,000 cubic meters. m. In general, during the day the price of gas fell by more than 27%. On Tuesday, December 21, prices set a record for the entire history of trading ($ 2224 per 1000 cubic meters).
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