The United States and Norway selling natural gas to Europe at 4 times its price
The German Chancellor Olaf Scholz has expressed concern about the continued rise in natural gas prices, considering that they have become too high to bear.
“Natural Gas prices in the market are too high to bear, and we still hope to be able to get through this winter safely,” Scholz said in statements on Tuesday.
“We’ll discuss within the Group of Seven and the European Union the launch of a negotiating process to reduce gas prices to a reasonable level,” Scholz added.
Natural Gas prices in Europe currently range between $1500 and $1600 per thousand cubic meters, while American and Norwegian companies are taking advantage of the lack of gas to sell at prices four times higher than normal prices, which angered the Europeans.
Europe is still preparing for the coming winter battle amid the scarcity of Russian natural gas imports and the weakness of external supplies, with no real alternatives to be secured at the present time.
