Thursday, January 13, 2022

EU countries will spend $ 1 trillion on energy resources in 2022

 


 European countries will spend $ 1 trillion on primary energy resources in 2022, a record for the last 10 years. This was announced by Bloomberg on Wednesday, citing a report by Citigroup Bank.

According to the agency, such costs are associated with rising prices for heating and electricity in the region.

"Gas and electricity are becoming prohibitively expensive. "Consumers and producers across the region may have to make difficult decisions about energy consumption," said Citigroup analyst Alistair Syme.

 According to experts, gas prices in Europe have risen more than 3.5 times over the past year, and then - due to the importance of gas and powering power plants - electricity prices have risen. Currently, according to Bloomberg, natural gas represents a quarter of the energy needs of European countries.

In the autumn of 2021, an energy crisis erupted in Europe after spot gas prices began to skyrocket, exceeding $ 1,000 per 1,000 cubic meters. m. On December 21, the stock market price of gas in Europe for the first time in history exceeded the limit of 2 thousand dollars per 1000 cubic meters against the background of the coming cold weather and unusually low gas reserves in European underground storage facilities.

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