Spot price of gas in Europe can renew records again. Further increase in fuel prices made the head of Gazprom Alexey Miller, reports TASS.
He noted that the European gas industry lags behind in the rate of gas injection into the repository by 22.9 cubic meters, and before the winter season, it is definitely not accustomed to this. Miller believes that Europe “will enter the winter with a deficit – the question is only with what amount of deficit.” Even with pricing records in Europe, the supply of fuel go to the Asian market, which remains more attractive, noted the head of Gazprom.
Miller added that the competitive advantage of Gazprom is its ability to dramatically increase production. The company has additional facilities in case of peak demand for almost 150 billion cubic meters of gas, he noted.
According to the European Commission, the EU gas storage failed at the moment by 70 percent, a year ago, this figure was 82 percent.
The stock price of natural gas at the auction on September 15 rose above 900 dollars per thousand cubic meters. However, after that, the price began to fall sharply and amounted to 749 dollars per thousand cubic meters.
Previously, the press secretary of the President of Russia Dmitry Peskov said that the rise in gas prices in Europe to Russia is not related. He also added that the situation is balanced with the launch of the North Stream-2 gas pipeline.