Finance

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

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BERLIN, Oct 1 (Reuters) – A European Union value cap on liquefied pure gasoline (LNG) imports must be noticeably increased than the world market costs, German finance minister Christian Lindner mentioned.

The European Union is contemplating choices to cap gasoline costs as a rising variety of nations stress Brussels to place a lid on sky-high gasoline prices. learn extra

Lindner proposed to introduce a “respiratory cap” for imported gasoline to keep away from that gasoline tankers go to Asia as an alternative of Europe.

“Nonetheless, such an instrument may reach slicing off the absurd value peaks,” Lindner was quoted as saying by the Rheinische Publish newspaper on Saturday.

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Reporting by Riham Alkousaa
Modifying by Raissa Kasolowsky

Our Requirements: The Thomson Reuters Belief Rules.

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