MOSCOW, October 5. /TASS/. The decision of EU member-states not to introduce a cap for Russian gas prices is reasonable, Russian Deputy Prime Minister Alexander Novak said on Wednesday on the air with the Rossiya-24 TV Channel.

"The European Union has discussed the possibility and the need to set the gas price cap. Thankfully the reasonable decision was reached not to do so because it would also adversely affect the European energy market and resource supplies to Europe. This is because the gas market at present is in an even more complicated position than the oil one," Novak said.

Russia takes note of energy resources' shortage on global markets, including liquefied natural gas (LNG), the official noted. "[LNG] is supplied either to the Asia-Pacific region or to the European region largely and the competition for this product is high there," he added.