Economy

Gazprom expects gas prices to rise to $4,000 in Europe at the start of winter

The price of one thousand cubic meters of gas on the spot market in Europe reached 2500 dollars.

“According to conservative estimates, if the trend continues, prices will exceed $4,000 per thousand cubic meters in winter,” Gazprom said in a statement.

Earlier, the US agency Bloomberg reported that the sharp rise in gas prices led to the fact that European electricity prices jumped to a new record. Consequently, electricity prices in Germany rose by 3.7% to €477.50 per megawatt-hour, which is six times higher than in the same period in 2021.

On August 15, the price of gas in Europe exceeded $2.4 thousand for the first time since March 2022.

Before that, it became known that the highest price of gas in Europe was recorded in the Netherlands.

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