According to a source familiar with the country’s energy policy, Russia wants prices in Europe around $ 300-400 per thousand cubic meters, as it believes that this will help Gazprom maintain its grip on the continent’s market, even when countries from the UK to Poland is switching to cleaner energy sources.
At the same time, the second source named the range from $ 200 to $ 400, however, prices at a low level for Russia are a less acceptable scenario.
This is in stark contrast to current benchmark prices in Europe, which have repeatedly climbed to record levels in recent weeks amid the energy crisis. Concerns have raised over supply shortages ahead of winter, as gas reserves on the continent are at their lowest seasonal levels in at least a decade, pipeline flows are limited, and competition from Asia for liquefied cargo continues.
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