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Gazprom says European natural gas prices may hit new highs

 Last Update: 2021-09-28
 Source: Internet
 Author: User

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According to a report by Pipeline & Gas Magazine on September 17, Alexei Miller, president of Gazprom, a Russian gas supplier, said on Friday that due to the level of natural gas storage Lower, Europe's already high natural gas prices may reach new highs

Miller also stated at an online conference that the demand for natural gas is rising.

He said that the current European natural gas reserves are 22.

The price of natural gas at the Dutch TTF hub, the European benchmark, has more than tripled this year, reaching a record level and pushing up electricity prices

North Stream 2

　Beixi No.

After announcing the completion of the Beixi 2 pipeline to Germany last week, Gazprom will double the amount of natural gas exported to Europe through the Baltic Sea

However, the company still needs to obtain operating approval from Germany, and this process is expected to take up to four months

Barclays (Barclays) analysts wrote on Friday that there are still uncertainties in the North Stream 2 project, and it is unlikely that it will have a large enough impact on the natural gas balance on its own

Gazprom CEO Miller also said that although European natural gas prices have hit record highs, the Asian market is more attractive for natural gas supply

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