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EU Wrestles With Gas Price Cap Options

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ss2057079014-European Commissioner Kadri SIMSON

The European Union is racing to align member states on a proposal to cap natural gas prices as part of its package of energy market interventions. But it is not clear if countries with very different gas supply profiles can find common ground for such a proposal to be approved. Capping gas prices was a central theme of emergency discussions held on Sep. 9 in Brussels between the 27-member bloc’s energy ministers and was presented to the European Commission as one of the necessary “emergency and temporary” measures to be implemented. But diplomatic sources admitted to Energy Intelligence that the ministers left the details on what the price cap would look like to the Commission.

Topics:
Policy and Regulation, Gas Demand, Gas Prices, Gas Supply, LNG Prices, LNG Supply, Ukraine Crisis
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