OREANDA-NEWS Europeans will have to live with higher prices in 2022, as inflation broke out amid a jump in the cost of energy. This was stated to RIA "Novosti" by the president of "Orcadia Asset Management" Etienne de Callatay.

However, the expert called this trend temporary. In turn, the European Commission in the winter economic forecast significantly increased the expected inflation in the region. The forecast estimate increased from 2.5% to 3.9%, which is due to the high cost of energy.

"This inflation may last a little longer than originally thought, but the rampant energy prices have reached the ceiling," Kallatai said.

He also admitted that the situation with rising prices should stabilize, since the resulting crisis is not related to the shortage of gas and oil in the world, but is partly explained by the political component.

Gas in European UGS should be enough until spring. But it is not easy to predict the speed of its selection, said Dmitry Marinchenko, director of the Natural Resources and Commodities Group at Fitch.

Earlier, the German magazine Der Spiegel reported that the aggravation of the conflict between Russia and the EU over Ukraine led to the strengthening of the US position in the global gas market.

Information about a possible "invasion" of Russia into Ukraine has a beneficial effect on the US economy, the German edition writes. The United States is increasing exports of liquefied natural gas, as a result of which it becomes the first in the list in this indicator, overtaking Qatar and Australia. Thus, "Rystad" estimates a 75 percent increase in deliveries to Europe at the end of 2021.