
Exchange prices for gas in Europe exceeded $950 per thousand cubic meters
AI-generated summary
European countries are experiencing difficulties filling underground gas storage facilities. Exchange prices for gas in Europe reached levels above $950 for the first time since December 2022.
MOSCOW, September 9 - RIA Novosti. Europeans now find themselves in a difficult situation, faced with problems of pumping gas into underground storage facilities, which will not be able to be filled before the onset of winter even at maximum injection rates, said Russian Presidential Press Secretary Dmitry Peskov.
Exchange prices for gas in Europe exceeded $950 per thousand cubic meters for the first time since December 23, 2022.
“The Europeans are now in a very difficult situation, this has been said many times. They have problems with pumping underground gas storage facilities. And even having reached the maximum rate of injection, they will no longer be able to do this before the onset of winter,” Peskov told reporters, answering a question from RIA Novosti about the possibility of resuming Russian energy supplies to Europe.
The current level of gas exchange prices is not a record, and Europeans are aware of this, the Kremlin representative added.
“According to the logic of things and based on common sense, of course, Europeans should look for cheaper sources of energy supply and cheaper gas. Russian gas could have long ago become cheaper gas for them: Russian pipe gas, Russian liquefied gas, although liquefied gas is always sold at a spot price,” the presidential press secretary noted.

In 2026, oil demand in China will fall by 8.9% (600 thousand barrels per day) due to the growing popularity of electric cars. Sinopec forecasts a further reduction in refinery capacity by 2030 and a reduction in gasoline and diesel consumption.

The European Commission plans to allow EU countries to restrict Chinese companies' access to government contracts. The new rules introduce criteria for quality and localization of production, aimed at protecting European industry from cheap imports.

Russia and India are considering the possibility of jointly developing deposits of rare earth metals and building mining and processing plants to ensure technological sovereignty and diversify the supply of critical raw materials.

The transport company Povolzhye-Trans intends to initiate bankruptcy of the retailer Tvoye due to a debt of 40.8 million rubles. Experts note the company’s difficult financial situation amid falling demand for clothing and footwear in Russia.

Severstal Distribution Director Viktor Romanovsky projects a decline in Russian domestic steel consumption for 2026 and 2027, citing economic cooling and high interest rates, despite potential growth in automotive, energy, and infrastructure sectors.

Investor Vladimir Vinogradov predicts a decrease in mortgage rates in Russia by 0.5 percentage points. by October-November 2026. In his opinion, the restoration of demand in the market is possible with the key rate of the Central Bank at the level of 12-13 percent.