Germany accuses the US of imposing too high gas prices

28 October, 2022

German Economy Minister Robert Habeck on October 5 accused countries, including the United States, of imposing too high gas prices while Europe’s largest economy was struggling to rebalance energy in the context of a climate crisis. supply from Russia.

In an interview with the Neue Osnabruecker Zeitung newspaper, Mr. Habeck affirmed: “Some countries, including friendly countries, are charging too high prices in some cases. This poses many problems.”

The conflict in Ukraine has caused a serious energy crisis in Germany, which previously depended on Moscow for 55% of its energy needs. To make up the shortfall caused by Russia’s gas shutdown, Berlin is investing in more expensive liquefied natural gas (LNG). Germany and other European countries have therefore turned to the US, which now supplies 45% of Europe’s LNG imports, up from 28% in 2021.

The German Economy Minister called on the EU to cooperate in buying natural gas to reduce prices. According to him, the bloc should “collect its market power and place buy orders intelligently, combining countries so that each member country does not have to pay a higher price than the other”.

Last week, Germany announced a 200 billion euro ($199 billion) fund to support consumers in the face of rising energy prices. However, this plan was criticized by France and key members of the European Commission (EC).

According to: Vietnam Lawyers Electronic Magazine

Source: https://lsvn.vn/duc-cao-buoc-my-ap-gia-khi-dot-qua-cao1665021561.html