General Director of the National Energy Security Foundation Konstantin Simonov called the reason for the rise in gas in Europe. His words report RIA Novosti.
According to the political scientist, the key cause of the rise in prices for raw materials in Europe has become the lack of the desired volumes of LNG in the regional market. In addition, the accident was influenced by the accident at the Gazprom factory. Additional factors have become small volumes of gas in storages and cold winter, which was replaced by a warm summer.
Simonov stressed that the use of all possible routes can contribute to price reduction. He noted that the “Northern Stream-2” would allow Gazprom to supply gas at a cheaper rate.
On August 11, gas prices in Europe have reached record values. Futures on the Netherlands Hub TTF index with the estimated date in September grew by 4.35 percent per trading session and reached 46.6 euros per megawatt per hour (about $ 572 per thousand cubic meters).