Russia… Expectations of a new rise in gas prices in Europe

Russian Deputy Prime Minister Alexander Novak said on Sunday that gas prices in Europe could continue to rise to new highs in light of short-sighted EU policies.

Novak added that a short-sighted policy would lead to a collapse in European energy markets, especially at the beginning of next winter.

Notably, gas prices reached $3,541 last August, an unprecedented rise compared to the decline in prices during the summer months following an unprecedented increase in March, when prices reached $3,900 per 1,000 cubic meters.

For his part, the head of Gazprom, Alexei Miller, pointed out that in the coming autumn-winter season, gas prices could exceed $4,000 per thousand cubic meters.

According to a TASS report, energy experts expect gas prices to rise above $5,000 per 1,000 cubic meters in the event of severe winter depressions.

Source: TASS

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