Russia is delivering more gas to Europe than specified under the existing contract, while the lion’s share of US liquified natural gas (LNG) promised by Washington is going to Asia, Antonio Fallico told RT.
“Extremely high prices for natural gas in Europe are the result of underestimated demand by the European Union with storage facilities remaining at record low levels of 60% to 65%, which contributed to rising gas costs,” according to the chairman of Banca Intesa Russia.
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