Winning from rise in gas prices European country

In addition to Russia, the most profit from record increase in gas prices in Europe will receive Norway. The winning country from takeoff of the cost of fuel in Europe called the sources Reuters.

Norwegian Equinor together Gazprom covers 60 percent of the EU needs in Gaza. The rapid rise in prices happened in the best historical period for Equinor, the economist Eikin Orik Warness is confident. The publication notes that the Norwegian supplier was even better than Gazprom.

Equinors will sell more than half of the gas with spot customers, about 70 percent of this volume will be implemented at prices ahead. Gazprom sells 56 percent of gas for a day or a month ahead, and 31 percent – at prices for the next quarter, season or year. Sources in Gazprom noted that a quarter of deliveries to Europe comes to a spot market. Recently, the cost of gas in Europe increased by 300 percent.

Gazprom shares during the trading on September 27, have established a 13-year maximum. At 10:34% of the company’s securities traded 350.89 rubles per piece – for the first time since June 17, 2008, when 351.05 rubles were given per share.

Meanwhile, the Federal Antimonopoly Service recommended Gazprom to increase the volume of natural gas on stock trading.

/Media reports.