Exchange price of gas in Europe at the opening of trading on Wednesday, October 6, has reached a new historical record. This is evidenced by the ICE exchange data. The cost of futures has stepped over $ 1550 per thousand cubic meters.
Prices beat records for several days in a row. At the auction on Tuesday, October 5, the cost of December futures reached $ 1456 per thousand cubic meters. Against the background of a record rise in price of gas, Gazprom company updated the historical maximum. According to analysts, the rally will continue further, and stock prices can reach two thousand dollars.
According to Saxo Bank analysts, gas prices will decrease if the northern stream-2 will be able to start the end of the year. Otherwise, if there is a cold winter, and gas supplies will not increase, Europe is waiting for “gloomy and expensive time.”
President Vladimir Putin spoke about the market situation. In his opinion, “hysterics” in Europe there is an explanation. “You see that in Europe is happening. There is a hysterical and some non-division in the markets! Why? Yes, because it is not serious about it. Someone speculates on the problems of climate change, someone underestimates something, someone It begins to reduce investments in the extractive industry, “he believes.