The main reason for the rise in gas prices in Europe is still the policy pursued by European states, including in relation to Russia, the expert believes.
“The gas market is very nervous, it reacts to any news with sharp upward movements,” Grivach said.
The lack of positive news, the situation with the maintenance of the turbines of the Nord Stream 1 gas pipeline, the low level of renewable energy production in Europe - all this affects the increase in gas prices, the analyst said.
“The heating season in the northern hemisphere is approaching every day.
The level of preparedness for the heating season in Europe is rather weak.
In addition, we see record low UGS stocks in the United States, which also affects the price level,” the specialist concluded.
Earlier, the cost of gas in Europe for the first time since March exceeded $3,200 per thousand cubic meters.