The Vice Director of Energy at the Energy and Finance Institute (IEF), Alexei Pilogorv, commented on the current decrease in the prices of gas in Europe, which has declined today below the level of $ 1,000 per thousand cubic meters.
The recent reduction in gas prices in Europe, according to an expert in the energy markets, is the calm before the storm, and prices will increase once more during heating season.
“I would like to describe the current scenario as the quiet before the storm,” he continued. It is obvious that during the hot season, prices will start to rise again. In November, %.
Earlier today, for the first time since June 14, gas prices in Europe dropped below the threshold of $1000 per thousand cubic metres, according the index of the major European Center TTF.
And on the reasons for the decline in gas prices in European markets, analysts pointed out that this is due to the stability of the market in light of the high level of occupancy of underground gas storage facilities, and analysts did not rule out that the countries of the continent face a new rise in prices.
Blue gasoline costs have decreased in European markets, but they are still much higher than they were a year ago.
“Quiet precedes the storm,” according to an expert on the state of the European energy market.
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