25 percent. That’s how much gas prices have risen in recent weeks, and it is particularly the conditions in the USA that play a role, after Europe has become more independent of Russian gas.
According to Ole Sloth Hansen, commodity strategist at Saxo Bank, we are facing an ”extremely risky weekend,” where Americans are bracing for a winter storm, and the cold is also biting on the European continent and parts of Asia, writes Berlingske.
”I believe it is primarily a short-term bottleneck problem. Export capacity is increasing – especially in the USA – so it is mostly a short-term problem because we have extreme global demand,” says Ole Sloth Hansen.
Where gas was previously obtained through pipelines from Russia, the so-called LNG gas is now transported by product tankers from, among other places, the USA, and it is, Ole Sloth Hansen points out, the global competition to get hold of the liquid gas that is driving prices up.
A megawatt-hour now costs around 40 euros. An analysis from Jyske Bank indicates that the price in the first quarter will be around 35 euros. Previously, the expectation was 30 euros.