"Black" prediction of Citigroup: Natural gas prices in Europe will start to fall from 2025-2027 - iefimerida.gr

“Black” prediction of Citigroup: Natural gas prices in Europe will start to fall from 2025-2027 – iefimerida.gr

Europe will have to wait until the end of the decade before seeing any relief from high gas prices, according to Citigroup Inc.

“Somewhere between 2025 and 2027 we will see prices in Europe return to where they were in early 2021,” said Ed Morse
in a televised interview with Bloomberg. Morse is global head of commodities research at Citigroup Inc. and explains that this is because it will take time to replace the lost natural gas from Russia.

Scary Goldman Sachs prediction: Europeans will see increases of 2 trillion. on energy bills

Sanchez: Europe should prepare for the scenario of a complete stoppage of Russian natural gas

Europe is suffering its worst energy crisis in 50 years as Russia cut gas supplies in retaliation for sanctions imposed over its invasion of Ukraine.

Citigroup: Russia will make a lot of money from gas supplies to Europe

Rising energy prices have exacerbated consumer pressure and pushed European economies to the brink of recession, putting the continent at risk of a deeper crisis as winter approaches.

“It won’t be surprising if it resumes gas flows to Europe as we get to the end of the supply period,” Morse added, referring to Russia, noting that Vladimir Putin will soon run out of markets to sell the product. “Russia will make a lot of money from this.”

Finally, it is noted that, according to data from the ICE company, prices in European natural gas futures contracts are more than four times higher than a year ago.



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