High gas prices in Europe, in September, approaching $ 1,000 per thousand cubic meters, led some enterprises to begin to reduce production, writes Bloomberg writes.
A large American fertilizer manufacturer CF Industries closed two plants in the UK. The Norwegian company of the same specialization – Yara International ASA – on September 17, stated that she reduces the release of ammonia, explaining that it was forced to go to this step forced record prices for gas.
On the eve of winter colds, gas ends in European storages, reserves decreased to a record low level, while the heating season starts after a month.
On September 17, as Bloomberg notes, gas prices were lower than the records fixed in mid-September, against the background of the appearance of news that the European Parliament deputies sent a letter to the European Commission with a call to begin investigation against Gazprom due to record growth Gas prices. In the Russian company, in turn, emphasize that they are a reliable supplier and will satisfy the European demand before the onset of cold weather, “no matter how cold weather is.”
During the day, the cost of gas fell more than percentage, but then grew to 66.15 euros per megawatt-hour (about $ 820 per thousand cubic meters). Decreased price and September 16, falling by almost 11 percent. In October, Europe can receive additional supplies of Russian gas, which can somewhat weaken the market strength, writes Bloomberg.
The gas crisis interferes with the European economy to restore after Lokdanun. Goldman Sachs Group advises industrial consumers in the region to begin to reduce power consumption due to the sustainable increase in gas prices. The Executive Director of the International Energy Agency Fatih Birol said that prices could remain high for several weeks, and the former head of the UK energy regulator ofGEM warned that the accounts for gas and electricity in Europe will increase over six months.
among industries that are stronger than others suffered from the rise in price of gas, the chemical industry, the production of “blue” hydrogen and steel companies. However, the head of the Department of Energy Projects Finexpertiza in Hungary Mate, he stated that soon “almost any business” will encounter an increase in costs, since heating and energy production becomes more costly.