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Russia’s Deputy PM suggests that the US sets cap for LNG price

Alexander Novak noted that the same liquefied natural gas was delivered to Europe at prices that are four times higher than for internal consumption

MOSCOW, October 13. /TASS/. Russian Deputy Prime Minister Alexander Novak suggested that the US should set a cap price for US liquefied natural gas (LNG).

"We would advise our US partners to set a certain cap price for resources they are supplying to Europe. The same liquefied natural gas is delivered to Europe at prices that are four times higher than for internal consumption, for industrialists in the US. This only creates conditions for Europe’s entry into energy poverty," Novak said.

The official again criticized the idea of setting the cap for Russian oil prices. "Russia will not make supplies to countries that will set the price cap, whatever it is: $60 [per barrel] or any other one. This is the interference in market instruments. We are ready to interact with consumers that are ready to work on market conditions," Novak added.

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