Gazprom CEO says gas price cap would lead to supply halt – Reuters
- Date: 16-Oct-2022
- Source: Reuters
- Sector:Oil & Gas
- Country:Saudi Arabia
Gazprom CEO says gas price cap would lead to supply halt – Reuters
MOSCOW, Oct 16 (Reuters) - Gazprom (GAZP.MM) CEO Alexei Miller on Sunday said plans to cap the price of Russian gas exports would cause supplies to be halted, echoing a similar threat from President Vladimir Putin.
The conflict in Ukraine has prompted European Union customers to reduce their purchases of Russian energy while the G7 and the EU are trying to impose a price cap on Russian oil and gas.
"Such a one-sided decision is of course a violation of existing contracts, which would lead to a termination of supplies," Miller said in comments broadcast on state television.
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