Why the EU does not make sense to limit the price of Russian gas

Alexey Belogoryev, Deputy Principal Director on Energy Studies at the Institute for Energy and Finance, commented to RIA Novosti on the prospects for introducing a "price ceiling" for Russian pipeline gas in the EU countries.

The Russian pipeline gas is now one of the cheapest in Europe and the world, there are no objective reasons for the EU to limit its cost, Alexey Belogoryev commented to RIA Novosti.

"Very crude, Gazprom is now selling gas to the EU at an average of $500 per thousand cubic meters, while spot prices in Europe have been above $2,000 since the end of July. In general, Russian gas is still one of the cheapest in Europe and in the world," the expert said.