Medvedev expects that the price of gas in Europe will jump dramatically

Moscow (ST): Deputy Chairman of the Russian Security Council Dmitry Medvedev expressed his belief that the price of gas in Europe will jump significantly.

The Russia Today website quoted Medvedev as saying that the price of each thousand cubic meters of gas may rise to 5,000 euros, with gas prices on European stock exchanges approaching record levels, against the background of the decline in supplies from Russia and the announcement by “Gazprom” of a temporary halt to the work of the “Northern Stream 1” line. “Coming soon for a while.

While the settlement price of gas futures contracts for delivery in September, according to TTF, reached $3507.3 on the last trading day of the week on August 26, a record value for the entire period of operation of gas complexes in Europe since 1996, and this indicator rose during week at about $1,000 and nearly 40 percent.

K.Q.