“The winter was very warm.
It turned out that in many European countries the temperature did not even drop below zero throughout the winter, so the consumption of gas accumulated in underground storage for heating was small.
This means that the remains in storage are quite large.
This calms the European market,” Yushkov explained.
He also noted that deindustrialization had influenced the price reduction process.
“Enterprises either continue to reduce their production, or close down altogether, because they become uncompetitive,” the analyst said.
According to his forecast, gas prices will be relatively low during the first half of the year, and will begin to grow closer to summer.
Earlier it became known that the price of gas in Europe fell below $500 per 1,000 cubic meters during the auction.
m for the first time since August 23, 2021.