In an interview with the Prime agency, he noted that there are currently no new sources of natural gas on the world market, and LNG terminals in European countries operate at their maximum capacity.
“China, India, Japan and South Korea — the largest consumers of LNG in Asia — are trying to increase their reserves, so prices in the region are also growing, but so far remain below European prices,” Yushkov said.
In this situation, the greatest damage is done to poor countries that do not have either the ability or financial resources to buy gas at the new prices, he concluded.
Earlier, Alexander Frolov, Deputy General Director of the National Energy Institute, commented on the situation with gas in Europe in an interview with the Economics Today FBA.