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EU Gas Price Cap Potentially on Agenda for Friday's EU Energy Meeting

NATURAL GAS

A group of EU nations in favor of an EU gas price cap have put together a proposal to be discussed in Brussels at the EU energy meeting on Friday.

  • 10 countries are considering signing the letter, with Belgium, Italy, Poland, Malta and Greece among them according to news outlet reports. It is unclear at this point how a proposed mechanism would operate.
  • "We acknowledge the efforts made by the Commission and the measures it has put forward to face the crisis. But we have yet to tackle the most serious problem of all: the wholesale price of natural gas," an excerpt from the draft said.
  • German, Dutch and Danish officials have previously said they are against the idea of EU gas price caps saying they will damage European gas security.
Energy BulletsCommodities
Energy BulletsCommodities

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