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Europe's Gas Prices Soar 1.5 Times in July Amid Middle East Conflict

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Insights by Echo AI

Gas prices in Europe surged by 1.5 times in July, reaching $637 per 1,000 cubic meters, driven by a new escalation of the conflict in the Middle East. The sharp increase was mainly due to the closure of the Strait of Hormuz, which disrupted supplies. This rise comes as Europe faces challenges in injecting gas into winter storage, with estimates suggesting that storage facilities may only be filled to 70-75% by the start of the heating season.

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Telegram

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12 Sources

  1. TASS avatar

    TASS

    RSS / @tass.ru/rss/all.xml

    ТАСС: цена газа в Европе в июле достигла $637 за 1 тыс. куб. м Стоимос...

  2. ТАСС avatar

    ТАСС

    Telegram / @tass_agency

    💲Цена газа в Европе в июле подскочила в 1,5 раза, до $637 за 1 тыс. ку...

  3. TASS (ТАСС) avatar

    TASS (ТАСС)

    X / Twitter / @tass_agency

    Цена газа в Европе в июле подскочила в 1,5 раза, до $637 за 1 тыс. куб...

  4. Al-Manar avatar

    Al-Manar

    RSS / @almanar.com.lb/rss

    أسعار الغاز في أوروبا تقفز 1.5 مرة في تموز / يوليو مدفوعة بالصراع في ا...

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