The gas price in the European Union will remain above 100 euros for the next three years, according to the community of European experts, which will result in a transfer of money from Europe to the countries that produce the gas.
The European industry can also go through a transformation process, which under the high cost conditions of energy resources must maintain its competitiveness in the global market, according to the Italian newspaper “La Repubblica.”
The newspaper continued by saying that despite the exorbitant prices linked to speculation, market forces, particularly the ratio of supply and demand, control gas prices.
Because European nations will have to pay a premium to attract liquefied natural gas to replace Russian gas, gas futures prices will increase for a while.
According to her, the Europeans tend to not enter into long -term associations, and futures prices are already programmed for seasonal growth.
Despite the low prices due to the appropriate weather in Europe, and the postponement of the heating season after a “race” raised by the urgent need to fill the storage facilities, the cost of gas is still higher than it was before 2021, as gas is used in Italy to produce more than 40% of the electricity.
Origin: Tas.
Media: For the next three years, European gas prices will exceed 100 euros.
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