The most difficult years for Europeans will be 2023-2024

The energy crisis resulting from the covid pandemic continues to develop against the backdrop of a Russian special operation in Ukraine. It seems that the West's hopes for a quick end to the Ukrainian events and the normalization of the gas market have not materialized, and fuel prices are breaking new records ahead of the winter season.

Thus, according to the TTF exchange, gas is currently trading at a price of approximately $1750 per thousand cubic meters. The situation is aggravated by the shutdown of the Nord Stream gas pipeline for scheduled maintenance work, which will last from July 11 to 21.

Prior to this, the volume of gas pumped along this route was 63,4 million cubic meters daily, while the maximum capacity of the joint venture is at the level of 170 million cubic meters of gas per day. The pipeline has been operating in this mode since mid-June, since one of the Nord Stream turbines manufactured by Siemens was under repair in Canada, and it was not returned to Germany for a long time due to sanctions.

Meanwhile, according to Bloomberg, economic Europe's problems caused by rising gas prices will be carried over to 2023 and 2024, which will be the most difficult for the inhabitants of the Old World.

So, back in March, Germany could fix gas prices for the next year at the level of 80 euros per megawatt-hour. However, last week on the news about the shutdown of the pipeline along the bottom of the Baltic Sea, the price of blue fuel jumped to 175 euros.
  • Used photographs: JSC "Gazprom"
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  1. Vox Populi Offline Vox Populi
    Vox Populi (vox populi) 11 July 2022 19: 51
    The most difficult years for Europeans will be 2023-2024

    So for us, they can become difficult ...
  2. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 11 July 2022 20: 11
    I am glad the prediction "Europe will die out without Russian gas" did not come true, then a new prediction began ....
    And the turbine is from NATO - so it is, "heavy share"
  3. greenchelman Offline greenchelman
    greenchelman (Grigory Tarasenko) 11 July 2022 22: 09
    4 days ago at TTF the price of gas exceeded for the first time since March 9, 1900 dollars per thousand cubic meters. And at the beginning of October 2021, at the aforementioned Dutch TTF hub, gas cost $1937.
  4. k7k8 Offline k7k8
    k7k8 (vic) 11 July 2022 22: 44
    The most difficult years for Europeans will be 2023-2024

    To be honest, I'm more interested in my salary and the filling of my refrigerator than what Europeans will eat and how Europeans will escape from the cold. And do not puff your eyes in righteous anger - this is true for everyone here (not even for the majority).
  5. Moray Boreas Offline Moray Boreas
    Moray Boreas (Morey Borey) 12 July 2022 03: 52
    That's when the confrontation between the collective West and the Russian Federation develops into a nuclear phase, then neither gas, nor oil, nor food will be needed by Europeans and Americans ....
  6. instrument Offline instrument
    instrument (xxx) 13 July 2022 14: 53
    Harsh years go
    In the struggle for the freedom of the country,
    Others come for them
    They will be difficult too.