Norway’s PM doubts about EU's gas cost cap

(MENAFN) Jonas Gahr Store, the prime minister of Norway, expressed skepticism on Monday over a potential cost cap on natural gas imports that has been suggested by the majority of European Union associate states.

After speaking over the phone with Ursula von der Leyen, the president of the European Commission, he claimed in a statement that “we approach discussions in an open spirit, but we are skeptical of a maximum gas price.”

"A maximum price does not change the fundamental issue that there is a gas shortage in Europe," the prime minister continued.

Energy ministers from the European Union gathered on Friday in Brussels to consider urgent steps for the whole union, such as a cost restriction on Russian gas imports, to stop the increasing cost of energy. At the same time, other associates, particularly Italy, demanded a price cap on all gas purchased by European Union member states, including natural gas from Norway as well as LNG from the United States and Qatar.

Norway, a non-European Union member that has benefited from Russia's declining supplies to the European Union, has previously made it known that it may be open to a price ceiling and a long-term gas pact to support its European allies.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.