ICE: Average gas price on the European stock market rose almost 50% in July

The average monthly gas settlement price on the European stock market rose almost 50% in July to approximately $1,805. This has been reported DEA News” With reference to the information of the London Stock Exchange ICE.

Before the price increase, the price of natural gas in June was $1,180 per thousand cubic meters.

Experts stated that the tension in gas supply from Russia continues to put pressure on the European market.

“The current price level is caused by a number of factors, including the decline in supply from Russia and uncertainty about their recovery prospects,” said Alexander Amiragyan, head of the Center’s Fuel and Energy Complex Economics department. Strategic Research.

Former EC President Ursula von der Leyen statedHe said that the gas supply problem from Russia affected 12 EU countries. According to him, the European Union receives a record amount of supplies from the United States, Norway, the Persian Gulf countries, Algeria and the Caspian Sea region.



Source: Gazeta

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