Experts warned of the risk of gas prices doubling in Europe in winter

The price of gas in Europe may double in the coming winter. This was told to Izvestia by industry experts.

"The current economic and political situation in Europe suggests that energy resources in the European market will remain an extremely volatile commodity. It is quite possible scenario of gas price doubling this winter, prices may exceed the level of $1000 per 1 thousand cubic meters", - said "Izvestia" deputy chairman of the supervisory board of the association "Reliable Partner" (association of producers and sellers of energy resources) Dmitry Gusev.

Earlier, on November 15, the price of blue fuel in Europe reached an annual maximum on the background of reports about the cessation of Russian gas supplies to Austria and exceeded the cost of $500 per 1 thousand cubic meters. At the same time in mid-October its cost was about $440, indicate the data of the TTF exchange.

In mid-November, the Austrian company OMV reported that it won in arbitration proceedings against Gazprom Export because of the temporary cessation of Russian gas supplies in the fall of 2022. Based on the court decision, it decided to recover €230 million from the losing party. At the same time, the company admitted that after the court decision contractual relations with Gazprom Export will deteriorate - up to the termination of gas supplies by the Russian side.

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Next suspension: gas in Europe may double in price in winter