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TotalEnergies head Pouyanne: gas prices likely to remain high in near term
12:19 CAT | 13 Jul 2022
FILE - Gas prices are likely to remain near their elevated levels as a result of the conflict between Russia and Ukraine, TotalEnergies chairman and chief executive Patrick Pouyanne told a hearing of the French Senate. [File photo: Reuters/Jean-Paul Pelissier]
Gas prices are likely to remain near their elevated levels as a result of the conflict between Russia and Ukraine, TotalEnergies TTEF.PA chairman and chief executive Patrick Pouyanne told a hearing of the French Senate.
“There is little chance of gas prices going down,” said Pouyanne.
British and Dutch wholesale gas prices rose on Tuesday, while U.S. natural gas futures also advanced by about 3% to a near three-week high.
Source: Reuters
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