Институт национальной энергетики

In the second half of July gas price in Europe exceeded 700 dollars for 1 thousand CBM. It is improbable, because demand for gas drops in summer, and consequently the price falls as well.

The European Union’s unfounded optimism about soon abandoning Russian gas is gradually giving way to well-founded doubts. This is being openly discussed and reported by European media.

It is known that the European Union proclaimed declared its goal to completely stop purchasing Russian gas. However, as they say, hunger breaks stone walls. Due to the reduction in gas supplies caused by the US and Israel’s gambit in the Middle East, EU countries were forced to change their stance towards Russian gas. 

Against the backdrop of US President Donald Trump’s announcement of a blockade of the Strait of Hormuz, gas prices in the European and Asian markets have once again started to rise. Market participants note that the uncertainty surrounding the resumption of shipping in the Strait of Hormuz remains a major contributor to the high volatility […]

On February 28, the United States and Israel launched attacks on Iran. In response, Iran attacked American military bases in neighboring countries and Israel. The attacks also targeted the fuel and energy sector.