The world gas prices decreased after the words of President Vladimir Putin on the readiness of Russia to stabilize energy prices. It is reported by Financial Times.
“The market prices for gas sharply turned down on Wednesday after Russian President Vladimir Putin said that his country is ready to stabilize the rapidly growing world energy prices that threaten to limit industrial activity and sharply increase inflation,” the article says .
At the closure of trading on the ICE stock price, the price of gas fell below $ 1250 per thousand cubic meters, which is one and a half times lower than the historical maximum reached on October 6.
Prices for blue fuel in Europe at the bidding on October 6, approached the mark in 2000 dollars per thousand cubic meters. Saxo Bank experts believe that the launch of the “Northern Flood-2” would help to reduce prices. If the upcoming winter is cold, and gas supplies will not increase, Europe is waiting for “gloomy and expensive time.”
Earlier, Vladimir Putin called to increase the gas supply in the market against the background of rising energy prices in Europe. He stated that Russia is ready to work on stabilizing the world energy market, it should be built on a commercial basis, taking into account the interests of all participants.