The collapse of the European vitality markets is not the restrict. A winter season full of unpredictability awaits us, in which fuel share charges could continue to increase. This was said by Russian Deputy Primary Minister Alexander Novak, studies nowadays, September 4, RIA Novosti.
“A quick-sighted plan sales opportunities to the simple fact that we are witnessing a collapse of the European electrical power markets. And this is not the restrict, due to the fact we are even now in the warm time, we have winter ahead and there are many unpredictability of all kinds “. he explained in an job interview with a reporter Pavlo Zarubin in Moscow. Kremlin. Set in.”
So Novak commented on the circumstance with gas trade charges. At the similar time, he did not rule out that electrical power selling prices will go on to rise.
Gas futures for September supply started in August at $ 2,100 for every 1,000 cubic meters. Having said that, on August 15, the rates surpassed $ 2,400 for the first time in 5 months. Analysts attributed this to preventive function at Norwegian generation services and the program by way of which gasoline is supplied from Azerbaijan, as properly as enhanced competitors for LNG from huge importers from Asia.
Just after Gazprom declared the suspension for routine maintenance of the Nord Stream pipeline, prices have risen, exceeding $ 2,700 for each thousand cubic meters. And a week later they broke the $ 3,500 mark, approaching an all-time higher of $ 3,892. However, they afterwards dropped by over $ 1,000.
On the other hand, the recent costs are about 10 times larger than previous year’s, a record at the time.
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