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'Further Work Needed' On Russia Gas Price Cap-Ministers

EU

Reuters reporting headlines from the draft summary following the emergency meeting of EU energy ministers that concluded a short while ago in Brussels.

  • EU energy ministers discussed price caps for Russian gas but 'further work is needed' on the possibility of such a measure....EU energy ministers said EU proposals should be delivered by mid-September...EU Ministers asked the Commission to design emergency liquidity instruments to help energy market participants facing margin calls...Country Ministers have asked the Commission to propose emergency temporary interventions including a gas price cap.
  • Speaking in Brussels, German Economy Minister Robert Habeck stated that the 'Commission has come up with actionable proposals' and that it will 'present proposals at the weekend'. Added that 'the EU agreed to reduce energy prices and ease the burden' on households.
  • Presser w./ Energy Commissioner Kadri Simson and Czech Energy Minister Jozef Sikela expected shortly. Livestream here: https://video.consilium.europa.eu/event/en/26082

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