EU Admits Gas Price Cap Will Scare LNG Suppliers Away, Plunging Europe into Crisis | Energy Crisis

EU Admits its Gas Price Cap Will Scare LNG Suppliers Away, Plunging Europe into Crisis | Energy Crisis. The European Union will set a fixed price for what it is willing to pay in the long term for LNG supplies. EU officials have realised that if they put a price cap on natural gas, much-needed cargoes of LNG will easily be re-routed to Asian countries by suppliers. Watch to know more. #europe #ukraine #pricecap #ukrainewar #russiaukraine #blackouts #energy #oil #naturalgas #lng #gas #power #putin #asia #crisis #india #china | n18oc_world Subscribe to Firstpost YouTube channel to never miss a video: Follow Firstpost on Instagram: @firstpost Follow Firstpost on Facebook: @firstpostin Music credits: Jahelix