The ceiling price for Russian gas could be about $3,000 per 1,000 cubic meters. m. under contract one month in advance. Relating to sentence Obtained from the European Commission (EC).
The press release states that this measure will apply to the TTF gas distribution center in the Netherlands.
Intervention is allowed if the gas price exceeds the set mark for 14 days or if the difference between the TTF price and the global LNG price is 58 € or more within 10 trading days.
The mechanism can be activated from 1 January 2023.
A few days ago, Deputy Prime Minister of the Russian Federation Alexander Novak declarationRussia warns against politicizing the energy sector, as it could lead to shortages and create problems with energy supply.
Early November Bloomberg WroteThat Europe bought gas from the world market and created famines in poor countries.
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.