Mar 19 • 11:21 UTC 🇨🇿 Czechia Deník N

Some people will face a sudden increase in gas prices, warns an expert. He advises how to avoid significant price hikes

An expert discusses the potential impact of the Iranian attack on energy markets and provides advice on mitigating rising gas prices in Europe and Asia.

In an interview, an expert provided insights into the implications of an Iranian attack on energy markets, specifically regarding its effects on Europe and Asia. He emphasized the immediate consequences of the damage to Qatar's liquefied natural gas processing facility, highlighting that gas prices in Europe have already surged past seventy euros per megawatt-hour, more than double what they were before the conflict began.

The expert pointed out that the global repercussions of such attacks are significant, especially for Europe, where wholesale prices have fluctuated dramatically in recent years. He compared the current situation to the prior energy crisis exacerbated by the Ukraine war, where prices had skyrocketed to five times their current levels. The seasonal change in the heating season also plays a crucial role in how these dynamics unfold, as consumers and suppliers adjust to changing demands.

He urged consumers to be proactive in managing their energy costs amidst these uncertainties, suggesting that there are ways to mitigate the impact of rising prices. By implementing energy-saving measures and considering alternative sources or suppliers, individuals can potentially shield themselves from the worst effects of the looming price increases. The expert concluded by emphasizing the importance of remaining informed about market conditions and potential geopolitical developments that could further influence energy prices.

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