Its prices marked a new aggressive growth yesterday natural gas And her electricity in Europe as unusually high temperatures in most European countries are driving demand soaring and exacerbating energy crisis.

Futures contracts for natural gas in the home market Netherlands they rose by 11%, reaching 244 euros per megawatt-hour, while on Monday they were preceded by an increase of 6.8%. Thus, their prices are 11 times higher than the average for the last five years, while in Britannia, while the corresponding contracts rose by 16% yesterday. After all, the energy price ceiling for UK households is expected to nearly double in October as the cost of the wholesale electricity price has risen almost sevenfold over the past year.

In addition to the anxiety of Europeans in the face of an extremely difficult winter without Russian gaswith limited alternative energy sources and exorbitant prices, the Russian gas giant, Gazprom, warned yesterday that “if this trend continues, prices are likely to reach and exceed 400 euros per MWh in winter.” He even specified that prices could jump up to 60% in winter as its exports and production continue to decline due to the sanctions that have been imposed on Russia western countries. It should be noted that in spring the wholesale prices for natural gas in Europe jumped to a historical record of 335 euros per MWh. They have since pulled back, but the €244 levels they are at yesterday are significantly higher than they were in the same period last year, when they were only around €46.

Yesterday, Gazprom warned of an increase of up to 60% in winter as its exports continue to fall.

The same dizzying rise was noted again in its prices. electricity, as heat and drought lower water levels in Europe’s rivers, lakes and canals, hindering the transfer of energy as well as the production of hydroelectric power. They reached 500 euros per MWh for the first time, and everything suggests that the winter will be extremely difficult for households and businesses in Europe, which are facing the worst energy crisis of recent decades. In particular, in Germany, electricity prices for the next year rose by 11%, to 530.50 euros per MWh at the European Energy Exchange AG. This is an increase of 500% compared to the corresponding period last year and is mainly due to a sharp reduction in natural gas supplies from Russia.

Analysts say the market is being shaped by growing concern about whether enough electricity will be produced in Europe, given that natural gas reserves are extremely limited on the Old Continent. Gazprom cut natural gas supplies to Germany only 20% of the pipeline’s capacity through the Nord Stream 21 gas pipeline after a protracted dispute between Berlin and Moscow over the gas pipeline’s turbines, which were moved to Canada for repair and maintenance. As Russian giant Gazprom pointed out in a related statement yesterday, from the beginning of this year to yesterday, gas exports to Europe fell by 36.2% to 78.5 billion cubic meters. .m compared to the corresponding period last year.