Economics

Price beats records: As Russia provoked crazy growth of gas prices in Europe

Against the background of the statement of the Russian "Gazprom" on the stopping of "North Stream-1" due to repair, the code price of gas in Europe for the first time since March 2022 exceeded the mark of $ 2,800 per thousand cubic meters. On Monday, August 22, gas in Europe went up by 13% and reached $ 2,865 per 1 thousand cubic meters. This is stated in the Ice Exchange.

At the beginning of August, the average price for blue fuel was $ 2,230, and in July gas was traded at $ 1,764 per thousand cubic meters. As previously reported by the Russian media, the Russian "Gazprom" announced that the gas pipeline "Nord Stream" was stopped by gas pipeline from August 31 to September 2 to repair a single working turbine. The record price of gas in Europe is another provocation of Russian propaganda.

Energy expert Maxim Bilyavsky wrote about it on the page on the social network Facebook. According to Maxim Bilyavsky, on the day of "repair works" at the Nord Stream gas pipeline, gas supplies from the Norwegian troll, which are proportional to the capacity of the Russian gas pipeline. "That is, there will be no significant change in the volume of gas supply to the European market, on the contrary, an increase in deliveries through LNG terminals is expected," Bilyavsky said.

The Russian gas monopolist Gazprom has already predicted an increase in gas prices in Europe this winter more than one and a half times. The fact is that the company stated the increase in the value of blue fuel on spot exchanges to $ 2,500 per thousand cubic meters. According to the calculations of the monopolist, if the trend remains, in winter the price will exceed the mark of $ 4 thousand. Gazprom also states that there are now 48.

6 billion cubic meters in European underground storage facilities. In order to reach the beginning of the 2019-2020 season, European countries need to pump another 23. 8 billion cubic meters of gas. Meanwhile, the European Union is being prepared for a possible reduction in gas consumption.

"Gas prices in Europe have increased after Moscow's decision to close a large pipeline has increased the fears of a long stop of supply, which made Germany think again how much Russian fuel it can expect this winter," Bloomberg writes. According to the agency, Germany has already warned that Moscow can even reduce supply and repeated the call for energy savings. "We have a very critical winter ahead of us," said German Economy Minister Robert Habek.

In Germany, the Russian Federation will continue to reduce the supply of natural gas to Europe. Previously, the Germans were offered to save fuel, as it will be difficult to fill the storage facilities this fall due to reducing imports from Russia. If the Russian Federation stops the supply of gas to Germany, the country's reserves will only be enough for 2-2. 5 months-according to the calculations of the Federal Network Agency, it is possible if Germany is filled by 95%by November by November.