According to the head of the concern, Klaus-Dieter Maubach, due to the abnormally cold winter, gas prices on the European market have “more than doubled” since the beginning of 2021.
The possible operational launch of the “Nord stream-2” project in the fourth quarter of 2021 may bring relief to the European gas market, which is under pressure from high prices and low storage reserves. This was stated by the head of the Uniper concern, Klaus-Dieter Maubach, during a teleconference with investors.
“We believe that the operational launch of “Nord stream-2″ in the fourth quarter of 2021 can help reduce the current tension in the gas market,” he said.
According to Maubach, due to the abnormally cold winter, gas prices on the European market have “more than doubled” since the beginning of 2021. “This and other factors led to the fact that gas reserves in storage facilities were at the level of 66%, which is lower than the average levels for the entire observed period,” he explained.
He also suggested that if the winter of 2021-2022 is as cold, then gas prices will continue to remain at a high level. A warm winter, on the contrary, will reduce their volatility.