The Russian energy major warns prices could top last year’s record highs Russian state energy giant Gazprom on Tuesday warned that gas prices in Europe could surge by 60% this winter. “European spot gas prices have reached $2,500. According to conservative estimates, if such a tendency persists, prices will exceed $4,000 per thousand cubic meters this winter,” the company posted to its official Telegram channel. Gazprom’s exports to Europe are running at reduced levels this year due to Ukraine-related sanctions and technical issues. The company said its gas exports to non-former Soviet countries fell by 36.2% to 7
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