some of you might be sick and tired of these updates of mine on price capping, but the situation is ever-changing, and I think it's interesting to see this weird chess match live
apparently next week the EU commission will officially propose putting an 80-90€ price cap only on russian methane from Jamal, Soyuz and Fratellanza pipelines.
the official motive is that as soon as the price of gas futures in the early weeks of june, russia announced that it was having technical issues pumping the gas, making the price jump up to the current levels (125€). EU authorities believe that russia is manipulating the price by withholding the gas
the proposal hinges on the assumption by EU authorities that russia doesn't want to stop selling the gas, especially since it cannot be easily diverted to asian pipelines
apparently next week the EU commission will officially propose putting an 80-90€ price cap only on russian methane from Jamal, Soyuz and Fratellanza pipelines.
the official motive is that as soon as the price of gas futures in the early weeks of june, russia announced that it was having technical issues pumping the gas, making the price jump up to the current levels (125€). EU authorities believe that russia is manipulating the price by withholding the gas
the proposal hinges on the assumption by EU authorities that russia doesn't want to stop selling the gas, especially since it cannot be easily diverted to asian pipelines