Current LNG prices unsuitable for global market — Novatek CEO
Business & Economy
October 22, 11:29
The prices are not comfortable for suppliers as well, Leonid Mikhelson stressed
ISTANBUL, October 22. /TASS/. The current liquefied natural gas (LNG) level cannot be suitable for the global market and even suppliers, CEO of the Russian gas producer Novatek Leonid Mikhelson said on the sidelines of the Verona Eurasian Economic Forum.
"It is critical to preserve energy security. The prices that currently reach $27-28 per MBTU [million British Thermal Units - TASS] certainly are not comfortable for everyone. They are not comfortable for suppliers also," Mikhelson said.
"I think some decisions will be made shortly to strengthen energy security of all the territories," he added.