Across the ocean, the Europe's sore spot has been found

Sergey Kondratiev, Principal Director on Economic Studies at the Institute for Energy and Finance, gave a comment to the Prime news agency about gas imports to the EU.

"On the one hand, gas reserves in UGS exceed 91 percent, demand remains subdued, which creates conditions for maintaining low prices, especially in the short term. On the other hand, the growth of gas consumption in Asia, the shallowing of the Panama Canal and possible strikes at LNG plants in Australia create risks for price growth in autumn and winter, especially if the winter in Europe is colder than last," Sergey Kondratiev says.