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Norway Not Convinced About Price Caps

NATURAL GAS

Europe’s gas crisis won’t be solved by a cap on prices according to the Norwegian PM Jonas Gahr Stoere.

  • "We're going into the talks with an open mind but are sceptical towards a maximum price on natural gas," Stoere said in a statement. "A maximum price would not solve the fundamental problem, which is that there is too little gas in Europe."
  • "We've agreed to an even closer dialogue with the EU regarding the proposals that are on the table," Stoere said.
  • Diplomats said last week more than half of the EU's member states had made mention of gas price caps in Friday's meeting - but with little consensus on what form this should take, be it a price cap on all imported gas, pipeline flows, wholesale gas trading, or supplies from Russia.
Energy BulletsCommodities
Energy BulletsCommodities

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