Gas prices continue to rise in EU. According to the data of the London Stock Exchange, the price of gas has increased by 20%, reaching $2210, breaking all the limits in the morning, starting with $1,500 per thousand cubic meters, vesti.ru reports.
About 20% of the total volume of gas stored in European underground gas storage facilities is left.
“According to Gas Infrastructure Europe, as of February 27, the volume of active gas in underground storage in Europe decreased to 28.8 billion cubic meters, which is 21.3% (7.8 billion cubic meters) less than last year,” Gazprom reports.
Due to the huge increase in demand, the price of gas is rising every minute. Supply disruptions are becoming more likely due to potential infrastructure damage in Ukraine. The risk of disruptions is also high due to sanctions restricting oil and gas supplies from Russia, said Kaushal Ramesh, senior analyst at Rystad Energy.
