Bloomberg: EU won’t introduce gas price cap because of political disagreements
Because of political disagreements the European Union refused to set a ceiling on gas prices in the near future – according to a draft document seen by Bloomberg
Today, the European Commission planned to propose measures to avoid extreme price spikes in energy derivatives and to use the EU’s joint purchasing power as a leverage in negotiations with global gas suppliers.
“The European Union is unveiling a new emergency package to tackle the energy crunch, betting on steps to bolster solidarity among member states. But the bloc will refrain from immediate gas-price caps amid political divisions and concerns over security of supply,” the agency said.
At the same time, the European Commission intends to launch a new liquefied natural gas index. The regulator believes that this measure will help ‘better reflect the region’s energy reality after a cut in supplies of pipeline gas from the Russian Federation’.
