Gazprom says gas prices may exceed $4,000 in winter


August 16, Fineko/ Fuel prices on European stock exchanges have already reached $2,500 per 1,000 cubic meters, five times as high as a yea ago.

ABC.AZ reports with reference to Russian media that, according to Gazprom, gas prices may reach an incredible level even according to conservative forecasts in winter.

“On spot exchanges in Europe, gas prices have hit the $2,500 mark. According to conservative estimates, if the trend continues, prices will exceed $4,000 per 1,000 cubic meters in winter," Gazprom said.
The company clarified that over seven and a half months, exports to non-CIS countries amounted to 78.5 billion cubic meters, which is 36% less than in the same period in 2021.