According to the analyst, the gas price increased due to problems in the operation of the Nord Stream, which were caused by the inconsistency of Western sanctions against Russia.
“Siemens took the units that are used to pump gas through the Nord Stream for repairs and maintenance work, in accordance with the contract.
But at the same time, the repair base is located in Canada, where they were taken.
And now the Canadians do not produce them, because this equipment is for the energy sector of Russia.
And supplying anything from Canada to the energy sector in Russia is prohibited by Canadian sanctions,” Yushkov explained.
He noted that because of this, the throughput of the Nord Stream has decreased.
“And of course, this scares the Europeans.
And what if the entire joint venture stops, what will happen then?
The shortage of proposals in the European market will be aggravated.
This starts the panic.
So the prices soared again for $1,200,” the analyst concluded.
Earlier it became known that stock prices for gas in Europe sharply accelerated growth.
They rose by more than 15% and amounted to over $1,200 per 1,000 cubic meters.
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