OREANDA-NEWS Valentina Savenkova, an expert at the Russian investment company Veles Capital, shared her predictions about gas prices in Europe for the summer of 2025 in an interview with RIA Novosti.

According to her, prices may rise due to increased volumes of gas being pumped into underground storage facilities. Currently, stocks exceed 50% of the 90% target by November 1, and the pumping rate has accelerated due to the warm weather, she explained.

"Given the large volumes of gas that will be injected in the future, there is a possibility that we may see an increase in gas prices by the end of the summer, although there are no technical indications for this on the asset's exchange price chart," Savenkova said.

The expert further stated that it is unlikely that gas prices will rise to the level they were in 2022, as the markets at that time were reacting to uncertainty and the anticipation of disruptions due to the ongoing conflict in Ukraine. Moreover, a mild winter and an increase in the share of wind power in the energy mix may help to prevent further price increases.

It has been reported that Hungary and Slovakia will oppose the European Commission's plan to phase out Russian energy sources. This was announced by the head of the Hungarian Ministry of Foreign Affairs, Peter Szijjarto. France and Belgium have also expressed similar sentiments.