EU gas prices fall to record low

Weather in Europe beats all temperature records for long-term indicators. Such a warm heating season has not been for a very long time. Such anomalies allowed Europe to achieve some success in the energy sector. Firstly, it was possible to reduce the consumption of raw materials by more than 15%, exceeding the threshold for the necessary savings, and, secondly, the literal destruction of demand among industrial consumers, who stopped production.

European gas prices have just fallen below pre-war levels to $799 per thousand cubic meters. This happened largely due to the fact that Europe made its sacrifice

Bloomberg energy expert Steven Stapczynski writes.

Do not lag behind industrial enterprises and ordinary citizens of the European Union, who for the sake of their wallets have significantly reduced consumption. All this gave rise to an unprecedented collapse in demand for gas and any other fuel, which caused prices to drop sharply. This situation encourages traders to sell expensively purchased fuel here and now, fearing further losses from cheaper prices.

According to the expert, Europe's sacrifice was not in vain, and the desire to lower the cost of fuel at any cost worked. So far, everything favors the Old World, but what will happen next season?
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  1. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 2 January 2023 09: 54
    Alas. All the early statements of the "experts" that Europe would freeze, die out, run over to Russia closer to gas, turned out once again .... untrue .... for the electorate and, I hope, good business for the "experts" (go into business. .said exsupreme)
    1. Pivander Offline Pivander
      Pivander (Alex) 2 January 2023 15: 50
      If we take into account the prices at which gas was purchased "to fill the storage facilities", and what prices for gas and electricity for consumers I now observe in Riga, everything is not so rosy.
      1. Ulan.1812 Offline Ulan.1812
        Ulan.1812 (Boris Gerasimov) 2 January 2023 21: 33
        And winter is just getting started.
  2. zenion Offline zenion
    zenion (zinovy) 3 January 2023 16: 06
    Next season, in order to prevent this from happening, the gas will be conserved.
  3. Kofesan Offline Kofesan
    Kofesan (Valery) 4 January 2023 08: 11
    And how can Miller and Peskov be left next year without new Swiss watches for millions so under 30? belay And Navka without a watermelon for ice squalor? belay belay belay

    So in the new year, "Russia" will come to the aid of the poor European fascists and sell the runoff of gas, oil and uranium at a rate that, God forbid, the price does not exceed 1 dollar for everything !!! They themselves even forgot how to make galoshes from oil.
    And also send the proceeds to a "reliable" English or French bank ...

    And so as not to spoil "their own".
    War, however! The people are told to stay in good shape ...
  4. Rust1981 Offline Rust1981
    Rust1981 (R) 4 January 2023 11: 08
    Well, where are the experts and the "patriots" who sang along with them, who hoped that Europe would freeze over?))) Crawling winters will soon be like. Don't say "gop" until you've jumped - sort of like a Russian saying.