On December 21, 2021, the price of the (January) TTF futures on the ICE Futures exchange reached $ 2035 per thousand cubic meters.
Gonchar called Gazprom’s unwillingness to increase supplies to the European market as one of the reasons for the rise in gas prices / Illustration REUTERS
The record rise in gas prices, which is now taking place, was predicted in the fall.
This was stated in an interview with UNIAN by the President of the Center for Global Studies “Strategy XXI” Mikhail Gonchar.
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According to the expert, the main reason for the rise in gas prices is the actions of Gazprom.
“In general, everything that happens was predicted back in the fall. The main reason for the unprecedented rise in gas prices is the actions of Gazprom, under the guise of objective factors, to escalate gas prices by supporting the shortage in the market,” the expert noted.
Gonchar named Gazprom’s unwillingness to increase supplies to the European market as one of the reasons for the rise in gas prices.
“Suffice it to recall the underfilled UGS facilities in Europe owned by Gazprom. This also includes the unwillingness to increase the volume of supplies to the European market, using the available free capacities of the Ukrainian gas transportation system and Yamal-Europe. , this is not the reason for the current situation. After all, Europe was provided by Gazprom, when there was no mention of the first and second Nord Streams. The same Yamal-Europe has been used at full capacity since the mid-2000s, ” expert.
The expert noted that with the onset of cold weather and with a gas shortage, Europe will become more accommodating.
“Now we can clearly trace Gazprom’s calculation, which he didn’t really hide – with the onset of cold weather and with a gas shortage, Europe will become more accommodating, including with respect to Nord Stream 2.
Gas price:
Gas prices in Ukraine correlate with prices at European hubs, since our country has been an integrated part of the European gas market since 2015 and imports from Europe about 30% of the total gas consumption.
As of December 14, 2021, gas prices in Europe have risen to a new all-time high.
On December 15, spot gas prices in Europe in January exceeded $ 1.5 thousand per thousand cubic meters, increasing daily by 7%.
On December 16, 2021, the cost of gas in Europe exceeded $ 1,700 per thousand cubic meters.
On December 20, 2021, spot gas prices in Europe in January rose to $ 1.9 thousand per thousand cubic meters.
On December 21, 2021, the price of the (January) TTF futures on the ICE Futures exchange reached $ 2035 per thousand cubic meters.
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