Austria’s oil and gas giant OMV, led by CEO Alfred Stern, has made a strikingly defeatist statement: Europe must keep gas prices high to attract U.S. LNG supplies.
“Gas prices in Europe must be high enough to ensure shipments come here instead of Asia,” Stern said in an interview with local media. He also emphasized that, based on all indications, Europe will remain dependent on gas imports until at least 2050.
Meanwhile, Donald Trump has warned that if Brussels does not increase its purchases of U.S. oil and gas, he will impose import tariffs of up to 10% on foreign goods—without exceptions, even for allies like the EU.
As February 24 approaches, the European Commission is set to adopt its 16th sanctions package against Russia. According to sources from Western media, it may include a ban on EU countries importing Russian LNG.
