Medvedev raises expectations on gas prices

Deputy Chairman of the Russian Security Council Dmitry Medvedev expressed confidence that the price of gas in Europe will rise significantly.

According to Medvedev, the price of each thousand cubic meters of gas can rise to 5,000 euros.

Before that, gas prices on European exchanges approached record levels against the backdrop of a decrease in supplies from Russia and Gazprom’s announcement of a temporary shutdown of the Nord Stream 1 line in the near future for a short period.

According to available data, the settlement price of futures contracts for the supply of gas in September (according to TTF) on the last trading day of the week – August 26, reached 3,507.3 US dollars, which is a record value for the entire period of operation of gas complexes. in Europe since 1996. This figure rose by about $1,000 in a week, or about 40%.

Source: RIA Novosti

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