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European Energy Commissioner Kadri Simson considers geopolitical tensions one of the main factors behind the unprecedentedly high gas prices. She expressed this opinion at a press conference in French Amiens, where an informal meeting of EU energy ministers was held.
However, she warned that the EU countries “currently and in the short term” will “deal with high energy prices.” “Prices inflated as a result of geopolitical tensions,” Simson quotes Interfax.
She pointed out that reaching historically high gas prices “has not been without consequences for energy prices in Europe.” “Consumers, businesses in the European Union are having difficulty paying their bills,” the European Commissioner admitted.
As RIA Novosti recalls, by the close of Friday’s trading, gas futures prices in Europe crossed the threshold of $900 per thousand cubic meters, and at the end of December, quotes reached a historical maximum of $2,190.4, but then began to correctively decline.
Industry experts attributed the skyrocketing gas prices to several factors: low filling levels of European underground storage facilities (after a long cold winter and hot summer), limited supply from major suppliers, and strong demand for liquefied natural gas in Asia.
Meanwhile, radio Sputnik notes that earlier, amid the gas crisis, a number of European countries accused the Russian Gazprom of reducing fuel supplies to the continent, although fuel consumers in the EU admitted that the Russian holding was fulfilling all contractual obligations.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
