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Free AccessEU Gas Price Cap Unlikely To Limit Gas Exports: Equinor
The EU natural gas price cap is unlikely to weigh significantly on gas exports to the region, Equinor said.
- “The intention behind the proposed mechanism is to avoid episodes of excessively high gas prices and not to implement a permanent intervention in market mechanism. Our immediate assessment is that this will not have a substantial consequence to our exports”, Equinor spokesperson Magnus Frantzen Eidsvold said.
- EU ministers have questioned the purpose of the proposed €275/MWh price cap for European gas as it is unlikely to ever be triggered.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.