Gas prices in Europe recorded for the first time since the beginning of the war: what is happening

In Europe, the winter of 2023 may be one of the warmest in the last decade, which will help weaken the energy crisis that has arisen after a full -scale invasion of the Russian Federation into Ukraine. Exchange prices for gas in Europe on Thursday, January 5, fell below $ 700 per thousand cubic meters. It happened for the first time since September 2021, the data of the London Ice Exchange testify.

According to Bloomberg, the cost of natural gas in Europe is reduced against the background of too warm weather, which is why the demand for "blue fuel" falls. Today, fuel prices have decreased to pre -war. At the same time, it is noted that gas is cheaper from the second week of December 2022. This situation contributed to some weakening of the energy crisis in Europe against the background of a full -scale invasion of the Armed Forces of the Russian Federation into Ukraine.

Bloomberg writes: if there is no sharp rise in price, low gas prices will help weaken the inflation growing on the European continent. This will help Europe withstand any cooling at the end of winter and reduce supplies from Russia. As of January 4, 2023, according to the European Commission Tim McFi, European repositories were filled with gas by about 84%.

According to him, the European Union planned to fill its gas storage facilities by 80% by November, but the goal was much exceeded: in the last month of the fall of 2022, the EU stated that its gas storage facilities were filled by almost 96%. Recall that Europe continues to get rid of the dependence on Russian energy after the start of a full -scale war in Ukraine. Thus, from January 1, 2023, Russian oil oil no longer receives Germany.