The events of recent days at energy facilities in the Middle East will lead to long-term and large-scale consequences. This opinion was expressed by the Chairman of the Management Board of Gazprom Alexey Miller, commenting on the situation on the energy markets in connection with the crisis in the Middle East.
„The extraordinary events of recent days at energy facilities in the Middle East are leading to consequences of incredible scale and long-term duration. Figuratively speaking, in terms of the situation on international energy markets and its future dynamics, it seems that only the bears are resting while only the bulls are sweating“, he said.
At the opening of trading on Thursday, the European gas price exceeded 850 USD per 1,000 cubic meters for the first time since December 2022, according to data from the London-based ICE exchange. This trend is observed against the background of attacks on gas infrastructure in the Middle East. Prices have risen by more than 30% since the beginning of the day, which brings the European gas price to nearly 200 USD higher compared to the end of the previous trading session.