EU leadership is examining the possibility of imposing a price ceiling on all gas imported into the EU, including US LNG, according to European Commission President Ursula von der Leyen on Wednesday.

She told reporters “LNG is scarce and can be rerouted to different regions… We [want to] stay competitive for LNG suppliers but make sure that the prices we pay are not extraordinarily high but in a decent range.”

LNG is imported into the EU mostly from the US and Qatar. It is used to replace natural gas as supplies of that crucial fuel from Russia have gradually shrunk.

Analysts note it is not clear how the EU would expect to impose the cap however, as sellers of natural gas would simply divert supplies to other nations willing to pay more. That would likely exacerbate what is already a desperate situation for Europe as winter closes in, and the European bloc faces the prospect of rationing, shortages, and the associated sky high energy prices such produces, all in the face of Russia refusing to sell them fuel.

Von der Leyen noted they were not immediately to impose such a cap, and it was merely being presented to be discussed at a later date.

She also highlighted a number of other proposals under consideration to tackle Europe’s continually worsening energy situation, ranging from a bloc-wide plan to reduce consumption of energy, capping excess profits of energy companies involved in renewable and nuclear energy, a mechanism to seize the profits of fossil fuel companies, a government-assistance program for utilities, and a price cap on all Russian pipeline gas imports.

Of the Russian price cap, Von der Leyden said it would allow the EU to, “cut Russia’s revenues which Putin uses to finance this atrocious war against Ukraine.”

Since the war on Ukraine began, Russia’s share of the natural gas supplied to the EU has dropped from 40% of the gas supply to 9%. That has left Norway as the main gas supplier to the bloc.