“This is due to the fact that after the conversation about the refusal of Europeans from Russian gas, and a very active conversation, recommendations from the International Energy Agency should be presented tomorrow on how to do it, and do it this year, in order to survive next winter,” Pikin explained. .
He also noted that this measure is no longer just "talks at the policy level", but has a high potential for implementation.
“Of course, all this will be extremely difficult, almost impossible, but the market always reacts to any risks, that is, the market is already laying down possible risks,” the analyst added.
In his opinion, the increase in the price, which is observed now, is only the beginning.
If the worst fears come true, the price of gas may reach $3,000 per thousand cubic meters and rise higher, Pikin concluded.
Earlier, the cost of natural gas with delivery in April set a record and reached $2,226 per thousand cubic meters.