The price of a thousand cubic meters of natural gas in Europe may rise to 4 thousand dollars

The power disaster that began after the Ukraine-Russia conflict It hit Europe.

The disaster, which has already made itself felt, is anticipated to peak in the winter months.

In accordance to the information of AA, the Russian power firm Gazprom in a written assertion, Assertion of the President of the Republic, Aleksey Miller, on the topic was included.

“Incomes are growing regardless of low provide”

Explaining that Gazprom has produced 288.1 billion cubic meters of natural gas as of this yr, Miller stated, (*4*)“Whereas 154.7 billion cubic meters of this was provided to the home market, 82.2 billion cubic meters was shipped to international locations exterior the Commonwealth of Impartial States.” stated.

Emphasizing that exports to the international market have decreased, Miller stated, (*4*)“Regardless of the decline in gas provides to international markets, our calculations present that Gazprom’s monetary outcomes might be considerably increased for our 2022 income than 2021.” used the phrase.

Stating that there are vital adjustments in the natural gas markets, Miller stated, (*4*)“As we stated earlier, the explanations for this are the improper selections and enforcement insurance policies of Western regulators.” stated.

“A thousand cubic meters of natural gas may be 4 thousand dollars”

Stating that there was a “rally” in natural gas costs in Europe, Miller stated, (*4*)“Natural gas price commonly hovers above the band of 3000 dollars per thousand cubic meters. On the peak of the autumn and winter interval (Europe), natural gas costs may exceed 4000 dollars per thousand cubic meters.” made its evaluation.

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Stating that Asia can also be in competitors with Europe in the provision of liquefied natural gas (LNG), Miller stated that seasonal results additionally put stress on costs in Asia.

“Europeans determined to stockpile wooden”

Expressing that Europe’s local weather agenda has additionally been shelved, Miller stated, (*4*)“We are able to see how sharply the consumption of coal and gasoline has elevated in Europe. Much more attention-grabbing is the rise in demand for firewood. Everybody has determined to top off on firewood. Nobody is considering the environmental agenda. Everybody is considering how to spend the following winter.” used the phrases.

Miller added that Russia’s natural gas shipments to China elevated by 60 p.c in the eight months of the yr in contrast to the identical interval final yr.

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