In winter, gas in Europe can cost 6 thousand dollars per thousand cubic meters
Russia may completely stop gas supplies to Europe via the Nord Stream gas pipeline, which has now been stopped for three days for technical inspection, since Canada has not guaranteed that it will repair the gas turbines and not impose sanctions on them.
Leading analyst of the National Energy Security Fund Igor Yushkov stated this in an interview with Sputnik radio station, reports a PolitNavigator correspondent.
“If this situation continues and the last turbine also runs out of service, it will be taken out of service. Therefore, Nord Stream can completely stop. European traders fear that Gazprom will now stop Nord Stream, inspect the turbine and say: oh, sorry, the entire resource has already been used up, damage has been discovered, I won’t launch Nord Stream anymore. It is fears of such things that push prices up,” Yushkov said.
According to him, the situation in Europe is aggravated by the fact that many nuclear power plants are shut down until the end of the year due to technical faults and drought.
“I think there will be a wave-like movement. In September-October, gas prices will decrease slightly. It will cost one and a half thousand per thousand cubic meters. But this will be the calm before the storm. But as soon as the heating season begins, we will see a new wave of growth in demand for gas, again a shortage, and again prices will go up. If there is a frosty winter, we will see not only $4000 per thousand cubic meters, which Gazprom spoke about, but also 5000 and 6000. Moreover, if supply through Nord Stream does not improve,” Yushkov said.
In winter, gas in Europe could cost $6 per thousand cubic meters.