According to the expert, this is due to several factors, one of which is technical.
“There is practically no gas left in European underground storage facilities, which means that the volumes that were previously taken from underground storage facilities during the heating season should now be taken from current imports.
This means that the demand for daily imports is growing and the price is just rising,” Yushkov noted.
He added that geopolitical tensions around Russia also affect.
“Russia is the largest gas exporter in the world.
Everything related to the infringement of Russia causes nervousness in the market, ”the analyst said.
The price of gas in Europe rose above $1,000 per 1,000 cubic meters during the auction.
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