Dmitriev Predicts European Gas Prices to Rise Significantly by 2026 Due to Russian Supply Needs
Kirill Dmitriev, Russian presidential envoy, forecasts that European natural gas prices will increase by at least 100% by 2026. He cites an HSBC report indicating a 40% rise from previous projections, warning it will be detrimental for both industry and households. Dmitriev emphasizes that Europe will require time before it requests additional Russian gas supplies, a sentiment echoed by Kremlin spokesman Dmitry Peskov regarding the necessity of Russian oil for market stability.
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Kirill Dmitriev, chief executive of the Russian Direct Investment Fund, stated that European natural gas prices are expected to rise significantly by 2026, with forecasts indicating an increase of at least 100% compared to earlier projections. He referenced an HSBC report suggesting a 40% increase, describing the impact as devastating for industries and households.
Dmitriev noted that Europe will need time before it begins to demand more Russian gas. Kremlin spokesperson Dmitry Peskov affirmed that significant quantities of Russian oil are critical for stabilizing global energy markets.
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