... companies can expect. Read more: Economy: Experts Forecasted a Rise in Gas Prices in Europe. Experts believe that gas prices in Europe will continue to rise. They shared this with Izvestia on December 13. "On the European gas market, there is a seasonal rally: average gas prices at the largest hub in the region, TTF, rose by 18% from September to November 2024 (from $422 to $499 per thousand cubic meters). This has already led to an increase in electricity prices: the average ...

... energy sector demonstrates stability and moderate growth. Oil prices remain at a high level: the North Sea Brent mark is holding around $73 per barrel (the highest since late June) amid ongoing geopolitical risks and high seasonal demand. The European gas market feels relative calm due to record injection rates of fuel into underground storage facilities ahead of winter. Concurrently, regulators and market participants are taking steps to maintain balance: as of August 1, the OPEC+ alliance has begun a ...

... cautious hope for a potential easing of sanctions. The global oil market remains under pressure from increasing supply and slowing demand—Brent crude prices hover around the mid-$60 per barrel, reflecting a fragile balance of factors. The European gas market shows relative resilience, with underground gas storage in the EU already over 80% full, providing a safety buffer going into winter and keeping prices at moderate levels. Meanwhile, the global energy transition is gaining momentum—with new renewable ...

... already feeling pressure due to the tightening tax burden and sanctions restrictions, so any changes in subsidy or export regulation could impact their financial stability. The Gas Sector: Europe Builds Reserves and Diversifies Supplies The European gas market is closing in on the end of summer with strong indicators regarding fuel reserves. Gas storage facilities (GSF) in the EU are filled to over 72% of their total capacity by early August, significantly above the average levels of previous years for ...

As winter approaches, Europe may face serious disruptions in gas supplies due to reduced imports of Russian pipeline gas and instability in global energy markets. How is the European Union preparing for these challenges? In this article, we look at the main causes of potential disruptions, the EU’s response to diversify supplies and create reserves, as well as the prospects and risks for the upcoming ...