The rise in gas prices in Europe, according to the analyst, is primarily due to news about preventive work on the Nord Stream gas pipeline.
According to him, the pipeline goes for preventive maintenance every year, but this year the situation has been complicated by a number of factors.
“Deliveries through Ukraine have been reduced compared to previous years due to the fact that the Soyuz gas pipeline is not working.
Well, Yamal-Europe through Belarus and Poland also does not work now in the mode of deliveries from east to west, ”the expert added.
The combination of these factors provokes a "panic expectation" in the market due to a possible shortage of gas, the specialist concluded.
Earlier it was reported that the July futures for the TTF index on the ICE Futures exchange on June 23 reached $1,504 per 1,000 cubic meters.
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On June 9, Russian gas supplies via Nord Stream were reduced due to planned technical work.
According to Gazprom, the supply volumes were limited due to the untimely return of equipment from repair by Siemens.