LNG

Energy ministers of the 27-nation European Union failed to reach an agreement at a council meeting in Brussels on imposing a maximum price for natural gas that would have impacted markets including, LNG cargo pricing and pipeline supplies from Norway.

The European Union’s Commissioner for Energy Kadri Simson is in Algeria for two days of talks on strengthening the EU’s energy cooperation with the Algerians after the failure of an EU summit last week to agree a natural gas price cap that would have affected LNG trading.