MOSCOW, 15 Aug — Gas prices in Europe in the event of interruptions in gas supply in the region may turn out to be extremely high, but these quotes have little effect on the European gas market and consumers. About it told “Prime” investment strategist “BCS World of Investments” Alexander Bakhtin.
“If we talk about sustainable levels that would be tolerable for local consumers, then the current quotes have already gone beyond these limits, and if such prices remain, the damage to the EU economy can be very significant,” Bakhtin stressed.
He recalled that last week, gas futures in Europe for September delivery, according to the London ICE exchange, traded at a record level and exceeded $2,350 per thousand cubic meters.
Bakhtin noted that the cost of blue fuel has already reached the ceiling of the rise in price, but the figure will remain at a high level before the heating season.