The price of liquefied natural gas (LNG) from the U.S. is at least 30-40 percent higher than Russian pipeline gas, Russia's Energy Minister Alexander Novak said on Saturday.According to Russian news agency Tass, Novak said that the U.S. wants Europe to buy its LNG but the price of which is at least 30-40 percent higher than Russia's piped gas.
So before all these events even Russia barely manages to claim its gas is 40% cheaper than LNG.
Those are the prices when supply is regular. Once Russian gas is taken out of the equation, the demand for US LNG will increase manifold. The prices Europeans need to pay will be a lot higher than what they paid in 2021. There are a limited number of LNG terminals operating in the US and the output volume is not infinite. And it is ridiculous to even claim that LNG that needs to be transported more than 10,000 km with multiple regasifications can be traded at the same price as pipeline natural gas.