Moscow intends to cut gas prices


October 27, Fineko/abc.az. The Russian government is considering a possibility to lower the price of natural gas sold to Europe.

ABC.AZ reports that official Moscow is going to reduce the price of gas, which it sells to Europe, by 60%.

The Russian government is reportedly planning for natural gas prices in Europe to be in the range of $300-400 per 1,000 cu m. It should be noted that Russia is currently the largest supplier of gas to Europe.