Ministers remain divided on the Commission’s proposal to introduce a gas price cap at €275/MWh on the TTF front-month price.
Countries remained divided on the proposal in the lead-up to Tuesday's meeting, diplomats said. "At this moment in time, probably not one member state is happy with the proposal we are discussing," a senior EU diplomat said
“There is no consensus at this moment on how it needs to work and on the numbers”, Tinne van der Straeten, Belgium’s energy minister said.
Failure to reach a deal Tuesday would mean that EU leaders would have to discuss the issue when they convene at a summit on Thursday, before another gathering of energy ministers scheduled for next week.

Homepage Political Risk Commodities Political Risk Bullet Energy Bullets Bullet

Felicia Grosse

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EU Energy Ministers Discuss Gas Price Cap