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Russia Wants Gas Price 60% Lower to Keep Energy Grip on Europe

  • Nation prefers natural gas to cost no more than $400/kcm
  • Kremlin concerned rally could cut demand for Russian supplies
Photographer: Alexander Zemlianichenko Jr.

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Russia wants natural gas prices in top buyer Europe to come down by about 60% in the longer term as a prolonged rally will destroy demand for Gazprom PJSC’s supplies, according to two officials with knowledge of the country’s energy policy.