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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
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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