In an article published first by Vsgljad on Sept. 17 and translated from Russian for RT’s German edition, Vladimir Chernov, analyst at Freedom Finance Global, is quoted with remarks on gas price differences between the EU and U.S. He is pointing out what the consequences of EU Commission President Ursula von der Leyen’s disastrous €750 billion energy deal with President Donald Trump are, in the absence of imports from Russia which the EU wants to end by 2028 at the latest: “Spot prices at the Dutch TTF hub are over $300–350 per 1,000 cubic meters, while in the U.S. at the Henry Hub they are around $2 per million British thermal units (MMBtu), which is equivalent to around $70 per 1,000 cubic meters.”
Electricity costs for European consumers are also many times higher than for U.S. consumers. Chernov: “Electricity costs for EU industry are consistently two to three times higher than in the U.S. In Europe, they fluctuate between €200 and €250 per megawatt hour at peak times, while in the U.S. and Canada they average €80 to €100 per megawatt hour.”
