The upward trend in gas prices in Europe has developed and in the coming winter the cost of fuel may reach $ 1000 per 1,000 cubic meters. m or $ 1 per cubic meter. This opinion on Wednesday, September 15, in an interview with Izvestia, was expressed by an independent analyst Nikolai Podlevskikh.
He recalled that recently the gas price in Europe was about $ 200 per 1,000 cubic meters. m, and on the spot market it dropped even to $ 50. Therefore, the current fuel prices and their likely further growth seem fantastic, he stressed.
The expert named the anomalously cold winter, significant depletion of reserves and their weak replenishment this summer as factors influencing the rise in fuel prices in Europe.
In addition, the situation, he said, is also affected by the postponement by the European energy commission of a decision on the status of the Nord Stream 2 gas pipeline. Podlevskikh admitted that European regulators will be smart enough and will be able to correctly assess the current situation.
At the same time, the prospect of making a decision on a possible full load of the pipeline is increasing, including due to the beginning panic among ordinary gas consumers.
For example, the Podlevskys cited a special case in Ukraine, where one of the local residents said that he was seriously thinking about equipping his high-rise building with a stove and creating a stock of firewood on the balcony.
“Perhaps something similar is already beginning to appear in the minds of European consumers, looking at the dynamics of gas prices,” he concluded.
Earlier on the same day, according to the ICE exchange trading data, the price of gas on the European futures market for the first time in history exceeded the $ 880 mark per 1,000 cubic meters. m. By 10:46 Moscow time, gas rose in price by almost 9% and its cost reached $ 875.84 per thousand cubic meters. m.
The previous record was set earlier that day, when the gas price reached $ 850 per 1,000 cubic meters. m.
On the eve, Igor Yushkov, an expert at the Financial University under the Government of the Russian Federation and the National Energy Security Fund, told Izvestia that the sharp rise in gas prices in Europe was caused, among other things, by panic amid the low occupancy rate of gas storage facilities.
In addition, he indicated as the reason for the rise in prices for the statement of the Federal Network Agency (Bundesnetzagentur) about the possible consideration of documents for certification of SP-2 within four months. The expert also admitted that in the future, the increasing dynamics of gas prices in Europe may continue.
A day earlier, Sergei Pikin, director of the Energy Development Fund, also admitted that the rise in prices for gas futures in Europe could continue. According to him, he does not see any factors for reducing the cost of fuel.