An unprecedented record rise in gas prices in Europe

An unprecedented record rise in gas prices in Europe
An unprecedented record rise in gas prices in Europe

Yesterday, Wednesday, international media reported an unprecedented rise in gas prices in Europe.

And gas prices in Europe recorded, during yesterday’s trading, a big jump, as they rose in about an hour by $300 and set an unprecedented record level in history.

And “Bloomberg” agency indicated that gas prices in Europe reached during yesterday’s trading the level of 1900 dollars per thousand cubic meters, and thus recorded a new historical level.

At the beginning of trading yesterday, the price of blue fuel in Europe reached the level of 1600 dollars per thousand cubic meters.

The rise in wholesale prices resulted in part from increased demand, especially from Asia, as economies emerged from the lockdowns caused by the epidemic, and the cold European winter and spring also led to the depletion of stocks, according to “Sputnik”.

At the same time, reduced domestic production, adverse weather conditions in the United States, and basic maintenance work created an unbalanced gas market, and made restocking of gas supplies before the next winter difficult across the region.

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