January 7, 2023, 12:01 pm – Public News Service – OSN
Prices on gas in Europe for the first trading week, they settled at the mark of about 760 dollars per thousand cubic meters. Thus, they decreased in annual terms by about a third.
According to the London-based ICE exchange, quotes on January 5 fell below $700 for the first time since September 10, 2021. The price maximum of the first week of 2022 almost reached $900 per thousand cubic meters. Last year, during the same period, quotes fluctuated from $770 to $1,200.
Western analysts noted that the warmest January in recent years is expected in Europe. This should significantly mitigate the energy crisis. This is one of the reasons why the EU countries agreed on December 19 to set the maximum exchange price for gas at 180 euros per MWh. This is about two thousand dollars per thousand cubic meters. It will take effect on February 15th.
Despite the current decline, there have not been such persistently high prices in the entire history of the operation of gas hubs in Europe, namely, since 1996.
Earlier, the deputy head of the direction “Economics of fuel and energy complex” of the Center for Strategic Research Sergey Kolobanov spoke about the main obstacle on the way of European countries to abandon gasoline. More about it read in the material of the Public News Service.