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vOLdEmoRT: EU suggests price cap on US LNG, 7 Sep
Brussels is examining the possibility of a price ceiling on all gas imported into the EU, including liquefied natural gas (LNG), European Commission President Ursula von der Leyen said on Wednesday.
< wipes tears >
"LNG is scarce and can be rerouted to different regions... We [want to] stay competitive for LNG suppliers but make sure that the prices we pay are not extraordinarily high but in a decent range," she told reporters.
< wipes tears >
EU countries mostly import the costly LNG from the US and Qatar, using it to diversify gas imports in light of
[INCONTINENCE ALERT]
shrinking supplies from Russia. However, some analysts warn that producers might not be eager European countries if their profits are capped.
[...]
She noted that since Russia launched its military operation in Ukraine, the share of Russian pipeline gas in the EU's total imports has dropped from 40% to 9% while Norway has replaced Russia as the bloc's leading gas supplier.
archived deadlock, "divertible" contracts and stinky beggars
by Cat on Wed Sep 7th, 2022 at 08:14:13 PM EST
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