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EU Likely To Delay Decision On Gas Price Controls

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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.
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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.