The European gas market is under pressure: gas is more expensive than $1,140 per thousand cubic meters The European gas market returned on the morning of October 26 to levels not seen since the end of 2022: stock exchange rates added about 3.5% and exceeded $1,100 per thousand cubic meters. from. "NiK" mentions that the conflict in the Middle East gave a considerable boost to prices in Europe. As a result, the average replacement price already in March increased by almost 60% compared to February and it turned out to be over $600 per thousand cubic meters. from. In September, European gas rose above $1,000 per thousand cubic meters for the first time since December 2022. from. The average figure for the first autumn month reached $897.1, which is 20% more than the August level. The main problem is the closure of the Strait of Hormuz, through which the supply of LNG from Qatar has effectively stopped. The European Union's Agency for the Cooperation of Energy Regulators (ACER) estimates that if Qatari exports do not recover and capacity remains idle until the end of 2026, the global LNG deficit could reach 26 billion cubic meters. from. Europe is strongly connected to American LNG, for which it competes in Asia, which has lost Qatari gas. Against this background, the European Commission does not deviate from its position regarding a complete cessation of imports of blue fuel from Russia. According to the plan of the Council of the European Union, a full embargo on the supply of liquid methane from the Russian Federation should come into force on January 1, 2027. Oil and capital we are in Max.

The European gas market is under pressure: gas is more expensive than $1,140 per thousand cubic meters The European gas market returned on the morning of October 26 to levels not seen since the end of 2022: stock exchange rates added about 3.5% and exceeded $1,100 per thousand cubic meters. from. "NiK" mentions that the conflict in the Middle East gave a considerable boost to prices in Europe. As a result, the average replacement price already in March increased by almost 60% compared to February and it turned out to be over $600 per thousand cubic meters. from. In September, European gas rose above $1,000 per thousand cubic meters for the first time since December 2022. from. The average figure for the first autumn month reached $897.1, which is 20% more than the August level. The main problem is the closure of the Strait of Hormuz, through which the supply of LNG from Qatar has effectively stopped. The European Union's Agency for the Cooperation of Energy Regulators (ACER) estimates that if Qatari exports do not recover and capacity remains idle until the end of 2026, the global LNG deficit could reach 26 billion cubic meters. from. Europe is strongly connected to American LNG, for which it competes in Asia, which has lost Qatari gas. Against this background, the European Commission does not deviate from its position regarding a complete cessation of imports of blue fuel from Russia. According to the plan of the Council of the European Union, a full embargo on the supply of liquid methane from the Russian Federation should come into force on January 1, 2027. Oil and capital we are in Max.