Gas prices in European countries increased by 21.5% per day, reaching $3,635.5 per 1 cubic metre.
According to the website of the RBC edition, such an active price increase is associated with a massive “blue gold” leak in the Norwegian gas pipeline of the Hammerfest company, which is almost the only major LNG supplier in all of Europe.
Experts predict further increases in prices, but not only in the EU, but throughout Asia. Potential drought, supply disruptions and sanctions on Russian gas could push prices to critical levels
Separately, it was noted that last spring, fuel prices almost doubled due to excessive storage facilities and hot weather.
Previously, Gazprom presented a new gas distribution center concept to Turkish partner companies.
Source: Riafan
I am Annabelle Sampson and I work for The News Dept as an author for their news department. My main focus is on economy news, but I also cover other topics such as business, finance, and current affairs. My writing has been featured in prominent publications such as The Wall Street Journal, Forbes Magazine, and the Financial Times. I have a passion for learning more about economic trends and understanding how they affect businesses of all sizes. To stay up to date with the latest developments in the field of economics, I make sure to keep track of reliable sources like Bloomberg News or Reuters. In addition to my writing work, I often provide consultation services related to economic matters for clients both large and small.
