Friday, October 14, 2022

Russia Suggests A Price Cap On U.S. LNG — Michael Kern

The U.S. should set a price cap on U.S. LNG going to Europe, as American gas is being delivered to Europe at prices four times higher than the price for domestic consumption, Russian Deputy Prime Minister Alexander Novak said in an interview with Russian state television.

“We would advise our US partners to set a certain cap price for the resources they are supplying to Europe. This only pushes Europe toward energy poverty,” said the Russian official who represents the country at the OPEC+ meetings.
Novak, commenting on the U.S.-proposed price cap on Russian oil, reaffirmed Russia’s stance that it would not deliver its oil to countries that will join the price cap, regardless of whether the cap is the recently aired $60 per barrel....

"Hey, guys, let's try this and see what happens." 


Konrad said...

Ukraine amd the U.S. war on Russia is just the cover story.

The real target has always been Europe.

NeilW said...

You know the line: "Americans can always be trusted to do the right thing, once all other possibilities have been exhausted."