The expert explained how Gazprom outplayed Europe both in terms of prices and supply volumes

On Tuesday, February 1, gas prices in Europe fell by about 10 percent to about $885 per thousand cubic meters. According to expert and journalist Yuriy Podolyaka, this was the result of an increase in the volume of Russian gas pumped to the EU countries.

Podolyaka believes that the gas market in Europe is gradually starting to stabilize. Further prices for "blue fuel" will depend on the current situation. Given the emptying of European UGSFs, one should not expect a strong drop in gas prices, and in the absence of force majeure situations, gas prices in 2022 will be approximately at the level of $500-600 per thousand cubic meters.

According to the expert, the average gas price this year will still be higher than in 2021. This means that Gazprom's revenues will approach new records. In turn, this testifies to the correct strategy of the Russian gas corporation, which outplayed Europe both financially (in terms of prices) and in terms of supply volumes.

“Gazprom gradually developed a strategy and then translated it into tactical decisions to win back its positions both financially and in terms of supply volumes. In the 21st year, the Europeans were put on the shoulder blades

Podolyaka noted in an analytical video on his YouTube channel.

At the same time, there are no additional volumes of gas from other suppliers for Europeans, since LNG from Qatar and the United States goes to premium Asian markets.

In January, the expert recalls, Gazprom's Polish partners expressed their desire to pay for gas under old contracts, which they had previously tried to "beat" through the courts.

In response, Gazprom twirled at his temple and said: where did you come from? You are not on Odessa Privoz!

Podolyaka remarked ironically.

Thus, according to the analyst, the situation on the European market looks comical: Gazprom is a gas monopoly in the EU and is literally swimming in money. Therefore, there is no need for a quick launch of Nord Stream 2. Gazprom is starting a "long game" with a gradual increase in prices, and not only in Europe, but taking into account the price rallies of recent months, the company's income, apparently, has already covered the cost of building SP-2.

The money that was invested in Nord Stream 2 was returned many times over. Purely financially, the project, being not launched, has already brought fabulous income. Europeans should say “thank you” to themselves - it was they who staged this hysteria, and Gazprom simply did not stop them from jumping on a rake and stuffing bump after bump

– said Yuriy Podolyaka.
  • Photos used: G4E/Axel Schmidt
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  1. NikolayN Offline NikolayN
    NikolayN (Nikolai) 2 February 2022 19: 31
    Well done Gazprom, lucky him. The Russian people would be so lucky!
    1. aries2200 Offline aries2200
      aries2200 (aries) 2 February 2022 20: 20
      lucky Miller and top managers the rest will go into poverty
    2. Ulysses Offline Ulysses
      Ulysses (Alexey) 2 February 2022 20: 55
      Well done Gazprom, lucky him. The Russian people would be so lucky!

      Fools rely on luck.
      And greedy for advertising .... fools squared. smile
      1. NikolayN Offline NikolayN
        NikolayN (Nikolai) 5 February 2022 14: 24
        As a rule, fools do not hope for anything. Mind no! There is nothing to hope for. Only write comments. And write and write and write and write. Fools.
  2. Captain stoner Offline Captain stoner
    Captain stoner (Captain Stoner) 2 February 2022 21: 22
    Thus, according to the analyst, the situation in the European market looks comical: Gazprom is a gas monopoly in the EU and literally bathed in money.

    It is well known that this is not the case. Why are they spreading all this nonsense?
    1. Expert_Analyst_Forecaster 3 February 2022 09: 49
      Who knows?
      Perhaps “bathing in money” simply speaks of the level of “analyst”, but according to published data, Gazprom ended 2021 with good financial results.
      If this is not so, in your opinion, then attach me to those who are well aware. Thanks in advance!
  3. viktortarianik Offline viktortarianik
    viktortarianik (Victor) 3 February 2022 14: 59
    Gazprom insists on long-term contracts, while the price of gas is quite low. Question for the connoisseurs. Can a buyer under a long-term contract then resell the gas on the spot market? If it can, then it turns out pure speculation. After all, without hitting a finger on a finger, he will receive a huge profit.
    1. Dima Offline Dima
      Dima (Dmitriy) 7 February 2022 11: 32
      Expert answer, maybe.