Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out major bombings in the Gaza Strip, the most violent since October 7
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.
Sirens sound in large areas of occupied Palestine after a missile launch from Yemen was detected
Al Mayadeen's correspondent: 14 martyrs arrive at al-Shifa Hospital following Israeli massacre of al-Sultan Family north of Gaza.
Qatari PM: We must not surrender to the arrogance of extremists and pursue our quest for a 'two-state solution'

Gazprom: Gas prices for Europe could reach $4,000 this winter

  • By Al Mayadeen English
  • Source: Agencies
  • 16 Aug 2022 15:19
3 Min Read

Gas giant Gazprom said that it does not rule out the possibility of gas prices hitting $4,000 per 1,000 cubic meters in the upcoming winter as spot gas prices hit $2,450 on London's ICE exchange.

  • x
  • Gazprom did not rule out $4000 per 1000 cubic meters gas prices for Europe
    Gazprom did not rule out $4000 per 1000 cubic meters gas prices for Europe (Reuters)

During the upcoming winter of 2022-2023, Gazprom, on Tuesday, stated that it does not rule out that gas prices across the European continent might reach up to $4,000 per 1,000 cubic meters.

In a statement, Gazprom said that "We would like to note, that on spot exchanges in Europe, gas prices have surpassed the figure of $2,500. According to conservative estimates, if the trend continues, prices will exceed $4,000 per 1,000 cubic meters in winter," Gazprom said.

For the first time since March 8, the spot price of gas in Europe on the ICE market in London earlier reached $2,450 per 1,000 cubic meters. This is taking place against a backdrop of rising spot gas prices in Asia, the closure of numerous Norwegian gas production and transportation facilities for planned maintenance through the end of August, as well as increasing temperatures, and a decrease in wind generation in Europe.

On March 7, 2022, the exchange rate for gas in Europe for the first time ever hit approximately $3,900 per 1,000 cubic meters.

According to Gazprom, over the first 7.5 months of 2022, gas shipments to nations outside the Commonwealth of Independent States fell by 36.2% to 78.5 billion cubic meters.

Related News

Former EU diplomats urge Europe to suspend cooperation with 'Israel'

Norway to join EU if trade deal with 'Israel' is suspended

On July 27, Kremlin press secretary Dmitry Peskov said it was wrong to link the level of Russian gas supplies to Europe with the removal of EU sanctions against Moscow but the restrictions affected Gazprom’s delivery volumes. 

Due to the suspension of many gas turbines, the Nord Stream gas pipeline has only utilized 20% of its capacity since July 27.

One of these, manufactured by Siemens Energy in Canada, was shipped to Montreal for maintenance. The manufacturer first hesitated to deliver the repaired equipment to Germany, since no such agreement has been signed and because of Ottawa's sanctions against Moscow.

Later, the Canadian Natural Resources Minister Jonathan Wilkinson said the Nord Stream 1 turbines sent to Canada for maintenance would be returned to Germany instead of Russia due to the anti-Moscow sanctions.

However, the situation prompted Russian gas giant Gazprom to reveal on July 27 that it had not a single document allowing German conglomerate Siemens to take a gas turbine engine for the Portovaya compressor station from Canada. As a result, just one turbine is still functional.

Read more: Economy minister slams Germany's economic model as 'dependent'

  • Europe
  • Russia
  • Russian gas supplies
  • Sanctions on Russia
  • Gas prices
  • Russian Gas
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Israeli police and rescue teams respond at the scene of a shooting attack where several people killed and injured in Jerusalem, Monday, Sept. 8, 2025 (AP)

Al-Quds shooting: 7 settlers killed, several critically injured

  • Politics
  • 8 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

Pro-'Israel' far-right Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Elon Musk attends a news conference with President Donald Trump in the Oval Office of the White House, Friday, May 30, 2025, in Washington (AP)
Politics

Elon Musk calls for dissolving UK parliament at London far-right rally

Israeli media: US betrayed Qatar, gave green light for attack on Hamas
Politics

Israeli media: US betrayed Qatar, gave green light for attack on Hamas

Leaked memo shows Trump eyeing Louisiana National Guard plan
Politics

Leaked memo shows Trump eyeing Louisiana National Guard plan

Mamdani vows to arrest Netanyahu if elected New York mayor
Politics

Mamdani vows to arrest Netanyahu if elected New York mayor

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS