It gets colder every day: gas prices in Europe jumped up again

Gas prices on European exchanges jumped up again and exceeded $ 1,000 per thousand cubic meters.

This was reported by the Interfax-Ukraine agency on Tuesday 23 November.

Before that, on Monday, prices for natural gas dropped slightly after a prolonged rise.

This rise in the price of natural gas is associated with a decrease in wind generation and average daily temperature. In other words, it is starting to get colder in Europe.

At the same time, the Russian company Gazprom refused to increase gas pumping to Europe until at least the second quarter of 2022.

What happens on European exchanges

For the past six months, Europe has been experiencing a serious energy crisis. The European Union failed to switch to renewable energy sources and had to buy gas on spot markets, where prices were immediately artificially raised.

Gazprom also put its hand to this, which refused to pump additional gas to Europe and is trying to convince the EU that the early launch of Nord Stream 2 will help bring down these prices.

However, experts say that there is no direct connection between prices on the free market and the launch of Nord Stream 2… According to economist Alexei Kushch, the connection exists only indirectly and is based on the actions of the Russian Federation itself.

For example, after Germany suspended the pipeline certification process, prices skyrocketed.

“Today” used to write how gas prices in Europe can affect the payments of Ukrainians.

We also said that Gazprom began pumping gas back from European storage facilities.