Putin strikes again Europe scraps quickly the price cap on russian gas

1 year ago

This is sad and hilarious in the same time..
They (G7) were talking so tough and they were trying to convince others and maybe themselves that they can put a price cap on russian gas.
But then..
European energy commissioner Kadri Simson said any such move would be risky:

“The general price cap, including LNG imports, could present a security of supply challenge, because the LNG market is a global market. We are not among the three biggest LNG-importing regions or countries, and there is very strong competition in the LNG market and right now it is very important that we can replace the decreasing Russian volumes with alternative suppliers.”
God bless guys and subscribe for more good quality content

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