Norway appreciated the idea of ​​limiting gas prices in Europe

MOSCOW, 15 Sep — PRIME. Permanent Deputy Minister of Oil and Energy of Norway Andreas Eriksen believes that the limit on gas prices could lead to an aggravation of the energy crisis in Europe.

According to him, the Norwegian authorities are skeptical about the introduction of a ceiling on gas prices.

“First of all, because the main problem in Europe at the moment is the lack of energy resources. And the price limit does not solve it. On the contrary, it can aggravate the crisis, which will lead to high demand in the market and the introduction of various rationing measures that have not yet been “, Eriksen said in an interview with CNN.

The leaders of the G7 countries (Great Britain, Germany, Italy, Canada, the USA, France and Japan) at the summit on June 26-28 confirmed their intention to reduce dependence on energy from Russia and tentatively agreed to start limiting prices for Russian oil and gas. In September, they confirmed their intention to cap oil prices as part of the expansion of sanctions. It is planned that the price limit will be introduced on December 5 for oil and on February 5, 2023 for oil products.

Russian representatives warned in response that the countries that would apply the limits would be left without Russian oil exports. The level of the marginal price for Russian oil has not yet been approved. At the beginning of June there were proposals to set the limit at half the current price. According to Bloomberg, figures of $40-60 are being discussed.

Later, Russian President Vladimir Putin, commenting on the West’s idea to limit prices for Russian energy resources, said that Russia would not supply anything abroad if this would be contrary to its own interests.