November 11, 2022 15:46 GMT
EU Likely To Delay Decision On Gas Price Controls
Disagreements amongst the EU member states are likely to delay the final approval to the gas price cap, that was expected today, diplomats told Reuters.
- The details of gas market correction mechanism were planned to be presented and approved today.
- Belgium, Greece, Italy, and Poland continue to favour a gas price cap and threatened to block a new set of EU steps to control surging energy prices in the region, which does not include a price cap.
- The four countries cannot block an agreement on their own, but they could if they build a broader coalition amongst most of the EU states.