Gas prices could soar further if Europe is hit by a cold snap, warn experts
- Date: 07-Oct-2021
- Source: Energy Voice
- Sector:Financial Markets
- Country:Gulf
Gas prices could soar further if Europe is hit by a cold snap, warn experts
Record high gas prices could be a permanent fixture in the coming months until supply is able to catch up with global demand, experts have warned.
And they could increase further if Europe has to contend with a harsh winter that would increase pressure on reserves further.
In the last two days, European gas prices have gained by around 60%, fuelling concerns about inflation and the potential impact on economic recovery.