Gas price in Europe on Monday, October 4, exceeded the $ 1200 mark for 1 thousand cubic meters. Thus the historic record was broken again.
This is evidenced by the data of the exchange ICE Futures… Due to the rise in gas prices in Europe, one by one energy companies and factories are closed, tariffs for the population are increasing.
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On the exchange, the price is indicated in euros per MWh. Translated, this is approximately $ 1200 per 1,000 cubic meters.
What you need to know about the energy crisis in Europe?
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Tariffs for the population grew by an average of 11.5% in Germany, by the end of autumn they may increase by another 13%. The average German family, which now pays 1,516 euros a year for a communal apartment, will pay another 172 euros. In France, since September 1, tariffs have increased by 8.7%.
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Due to record prices in the UK, already 2 factories stopped for the production of fertilizers.
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There is risk of power outages this winter. Especially if frosts worsen the already exceptionally low gas reserves in Europe (Bloomberg).
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Gas shortage threatens Europe with higher prices and food shortages… In some countries, there is no longer enough fertilizer, there is nothing to stun pigs in slaughterhouses (BBC).
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In Great Britain energy companies are closed: at the beginning of 2021 there were 70 of them, and by the end of the year there may be only 10… 5% have already stopped working due to gas prices. These include People’s Energy (Edinburgh, Scotland), which supplied gas and electricity to 350,000 homes and 1,000 businesses, and Utility Point (Dorset, England) with 220,000 customers.
Who is to blame and what do they say in Russia?
The European Parliament blames the Gazprom company for the current situation. Thus, more than 40 MEPs accused the Russian concern of manipulation and blackmail on the gas market to approve the launch of Nord Stream 2.
Meanwhile, Russia’s Permanent Representative to the EU Vladimir Chizhov said that the rise in gas prices in Europe will facilitate the commissioning of the Nord Stream 2 pipeline… “I think it will have an effect, I hope it will be positive. They will be accelerated, although, as you understand, there are many in the EU here who also see the Kremlin’s hand in the rise in world gas prices and thus an attempt to impose Nord Stream 2, “he said.
Previously OBOZREVATEL reported that industrial centers in China faced the largest energy crisis – in some provinces already interruptions in the work of factories began… Even cities in the northeastern regions lack electricity they do not allow the use of boilers and microwave ovens, and lighting and traffic lights do not work on the streets.
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