German finance minister says EU LNG price cap should be higher than market prices

  • 📰 Reuters
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

A European Union price cap on liquefied natural gas (LNG) imports would have to be noticeably higher than the world market prices, German finance minister Christian Lindner said.

The European Union is considering options to cap gas prices as a growing number of countries pressure Brussels to put a lid on sky-high fuel costs.Lindner proposed to introduce a "breathing cap" for imported gas to avoid that gas tankers go to Asia instead of Europe.

"Nevertheless, such an instrument could succeed in cutting off the absurd price peaks," Lindner was quoted as saying by the Rheinische Post newspaper on Saturday.Reporting by Riham Alkousaa Editing by Raissa Kasolowsky

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The North Americans won't like that.

bro look like Conan Obrien and Putin had a son

Canada Canada Latest News, Canada Canada Headlines