According to the expert, the fall in prices is primarily due to weather factors.
“Europe has pretty warm temperatures for winter.
In Berlin, for example, on New Year's Eve it was +16 °C.
In other regions of Europe, the weather was also warm, which means that there is no additional cost for heating systems ... In addition, windy weather also matters, that is, the successful operation of wind generators.
But here we must understand that dependence on the weather can turn in the opposite direction.
If, for example, the wind stops blowing or the temperature suddenly drops, then the cost of gas will, of course, increase.
And with them, the price of gas will also increase,” Mitrakhovich explained.
He also noted that in Europe they are trying to reduce industrial gas consumption, and often do this to the detriment of their economy.
“Industrial consumption in the same Germany has been reduced by almost 20%.
Reduced not in the sense that they found a way to save electricity, but simply that they closed part of the production.
And, in fact, they sacrificed part of the competitiveness of their economy.
But on the other hand, they need a smaller amount of gas, which is why gas prices are falling, ”the source added RT.
In his opinion, Europe's expectation that it would be possible to refuse cooperation with Russia and its energy industry without loss in the competitiveness of its economy did not materialize.
“Without losses, very significant losses, the competitiveness of the European economy, when both the Americans and the Chinese will bypass it, now it’s impossible to do,” the analyst concluded.
Earlier it became known that exchange prices for gas in Europe during trading for the first time since 2021 fell below $700 per 1 thousand cubic meters.
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