11:42 - 22.12.2021

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December 22, Fineko/abc.az. The EU is approaching the worst energy crisis in history.

ABC.AZ informs that electricity prices in France and Germany have updated historical records after gas prices exceeded $2,000 per 1,000 cu m for the first time.

January’s natural gas futures, which rose 22% in a day and 89% since the beginning of December, rose to $2,100 on the ICE exchange after Gazprom stopped deliveries via the Yamal-Europe pipeline.

The impending cold weather and low stocks in underground storage lead to the fact that prices are breaking records.