Gas prices in Asia and Europe have suddenly climbed to record levels this year, while benchmark Dutch spot gas prices have increased by 365 percent since the beginning of the year.
It has been announced that Russia will start the shipment to fill the natural gas warehouses in Europe. Russian President Vladimir Putin has instructed Gazprom to start delivering gas to Europe's gas depots after Russia replenishes its own gas stocks.
NATURAL GAS SHIPMENT TO EUROPE WILL START ON NOVEMBER 8
Alexei Miller, the manager of Gazprom, Russia's natural gas export monopoly, stated that Russia's stocks will be filled by 8 November.
The recovery of economies from the epidemic, increasing demand and the decrease in stocks were effective in the jump in spot prices.
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