Europe's gas prices not yet at record highs, says Kremlin
He noted that Russian gas, including Russian pipeline gas and Russian liquefied gas, could have long ago become cheaper for them, although liquefied gas is always sold at spot prices.
Consensus
- The current level of gas prices on European exchanges is not a record.
- Reckord prices are expected to be set in the future.
- European countries are facing difficulties with gas storage filling.
- Even at maximum injection rates, Europe will not be able to fully fill storage before winter.
- European gas prices have exceeded $950 per thousand cubic meters.
- The price increase is linked to concerns over supply disruptions, particularly via the Strait of Hormuz.
- Prices on the ICE exchange in London have surpassed $940 per thousand cubic meters.
- The price of the October TTF futures reached a high of 75.79 euros per MWh.
- European gas storage levels are at their lowest in 13 years.
- Dmitry Peskov, Russian President's press secretary, made these statements on September 9.
- Peskov attributed the situation to European political choices rather than economic logic.
Points of divergence
- The price on the ICE exchange exceeded $940 per 1000 cubic meters on September 9. — vedomosti
- Peskov mentioned that Russian liquefied natural gas could also be a cheaper option, though it is sold at spot prices. — interfax
- Bloomberg reported that gas prices in Europe reached a maximum in January 2023. — vedomosti
- Peskov stated that the Nord Stream pipeline's remaining line could be restarted instantly. — interfax
- The price exceeded $950 per 1000 cubic meters for the first time since December 2022. — vedomosti
Coverage (11 sources)
- Journalist Christoforus called Putin's statement on gas prices harsh but correct — Вечерняя Москва
- Tough but accurate: Cypriot journalist Christofour on Putin's statement on gas prices — Вести
- Dmitriev called the gas price surge in the EU a payment for globalization — Вести
- Putin allowed further rise in gas prices on European exchanges — Вести
- Dmitriev explained why European gas prices are higher than American ones — Вести
- European countries may be left without the necessary amount of gas before winter — Вести
- Gas prices in Europe returned to the level of the 2022 energy crisis — Вести
- Gas prices in Europe are still far from the maximum — Вести
- Peskov: A record for gas prices in Europe is ahead — Ведомости
- Peskov believes gas price records on the European exchange are still ahead — Интерфакс
- Peskov believes gas price records in Europe are still ahead — Интерфакс
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