9/7/2022, 12:53 PM (Source: TeleTrader)
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EU also considering LNG price cap - Von der Leyen

European Commission President Ursula von der Leyen said on Wednesday that the European Union is considering imposing a price cap on liquefied natural gas (LNG), in addition to a natural gas cap.

Von der Leyen noted that the global energy supply is "scarce" and LNG can be rerouted to other markets. "What we are looking at now is that we stay competitive for the LNG suppliers, but we make sure that the prices we pay are not extraordinarily high," she explained.

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