Predictions of the International Energy Agency (AIE). Electricity prices can also be affected.
Natural gas prices in Europe have already rose 18% in the last quarter of the year that ended and can shoot about 30% in 2025, according to predictions of the International Energy Agency (AIE).
The escalation of prices is due to a combination of Three factors: High search, dependence on imports and geopolitical uncertainty.
This month, the price of gas in European gross markets has exceeded 51 euros by Megawatt-Hora (MWh), the highest value of the last 15 months. In the Iberian Peninsula, Mibgás indicated a Price of 47 euros per MWh to Portugal and Spain, according to.
The increase in gas prices has a direct impact on the energy costs of industries, being a constant concern for entrepreneurs. You electricity prices can also be affecteddepending on the availability of renewable sources.
Despite the increase in prices, Portugal has a slight competitive advantage over the European Union average, with 16% lower costs for national industries. However, when compared to Spain, Portuguese companies pay an average of 14% more for gas, which can impair competitiveness in the Iberian market.
A Europe remains dependent on the importation of liquefied natural gas (LNG), especially from the United Stateswhich currently supply 47% of gas imported by the continent. But US exports to Europe can be compromised due to harsh winter in the US, reducing the availability of LNG.
In addition, the supply of Russian gas through pipelines continues to decrease, forcing Europe to import 100 additional LNG charges by 2025, which represents an additional cost of 5.8 billion euros. But despite sanctions, the EU continues to import LNG from Russia, which by 2024 accounted for 33.3% of European purchases.
The new US President Donald Trump promised to ensure the supply of LNG to Europe and press European countries to buy more US gas to reduce prices. But it has also been threatening with tariffs if there is no adherence to your strategy.
