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Belgium Proposes EU Gas Price Cap

NATURAL GAS

Belgium has proposed an EU-wide gas price cap linked to Asian markets based on a report seen by news outlets ahead of this Friday’s energy emergency talks.

  • “Belgium proposes an urgent EU regulation imposing a maximum price on exchange platforms. The maximum price should be set in a ‘dynamic’ way by calculating it in reference to LNG prices outside Europe,”
  • The price cap differs to that of the one proposed for Russian gas sales which may also be on the agenda this Friday. The Czech Republic has however asked for those talks to not happen on this occasion possibly due to retaliation fears from Russia.

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