Gazprom faces new problems in the European market
The largest European countries - Germany, Great Britain and France - are gradually returning quarantine measures, which threatens to collapse demand in Gazprom’s main market for the second time in a year.
A PolitNavigator correspondent reports this, Kommersant writes.
Against this background, the publication points out, spot gas prices in Europe, which on October 26 exceeded $180 per 1 thousand cubic meters at the Dutch TTF hub, fell by 1% by November 13,5.
“The company [Gazprom] has just begun to recover from the immediate consequences of the pandemic in recent months and has brought gas exports to a level close to 2019 levels. According to analysts, if the quarantine does not become strict and does not affect industrial enterprises, Gazprom can still fulfill the annual plan to export 170 billion cubic meters. But the lockdowns call into question the global recovery of the European gas market, which may not recover from the state of overstocking in 2021,” the publication writes.
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