Economist warns of consequences of incident on Balticconnector gas pipeline

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Damage to the Balticconnector gas pipeline will lead to higher gas prices for Finland. The newspaper reports this “News” referring to expert Andrei Loboda.

According to him, about a third of Finnish consumers are deprived of this gas pipeline. However, the country can receive LNG through a floating terminal, including the Russian terminal. Loboda noted that it is not difficult to compensate for the lost volumes through Balticconnector, but at higher prices. Yesterday, the price of gas in Europe exceeded 500 dollars per 1 thousand cubic meters.

The economist added that the energy crisis in the EU is not over yet. The development of energy-intensive industries is not yet possible. According to Loboda, social tension due to the natural gas pipeline incident will be minimal. However, the expert concluded that increasing imports through LNG terminals is ineffective for Finland in terms of price or reliability.

The other day in Russia in the name The cause of the global fuel crisis. According to a Gazprom representative, this was due to a decrease in investments in oil and gas production.

Previously the Kremlin was high appreciated Resulting in Russian energy

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