The Limited Times

Now you can see non-English news...

The European Union fails to agree on setting a ceiling for gas prices

2022-11-24T16:14:18.873Z

BRUSSELS, SANA-European Union energy ministers failed today to agree on a ceiling for gas prices to limit t



brussels-sana

The energy ministers of the European Union failed today to agree on a ceiling for gas prices to limit the repercussions of the energy crisis on the continent.

And the French Press Agency reported that a number of ministers participating in the meeting complained that the current proposal to set a ceiling for gas prices, which was revealed by the European Commission two days ago, was clearly designed so that it would not be used at all, in what the energy ministers of Poland and Spain described as a “farce.”

In turn, Greek Energy Minister Kostas Skrekas pointed out that the ceiling is not really a ceiling on gas prices, warning that we are wasting precious time without any results.

The ministers will meet in the first half of next December, hoping to overcome the differences, according to what was stated by the Czech Minister of Industry and Trade, Joseph Sekela, whose country holds the rotating presidency of the European Union.

The plan, which the European Commission was not enthusiastic about in the first place, sets a ceiling for gas prices of 275 euros per megawatt hour, but it is accompanied by many conditions so that it was not possible to activate it last August, for example, when the price of gas exceeded 300 euros for a short period, which caused panic in the people. Europe, which is used to prices, accounts for about 10 percent of this figure.

These proposals come in an attempt by the European Commission to control the crisis afflicting Europe after the sanctions it imposed on Russia in the wake of its special military operation to protect Donbass, to which Moscow responded with similar measures that included reducing gas supplies to some of these countries.

Follow SANA's news on Telegram https://t.me/SyrianArabNewsAgency

Source: sena

All business articles on 2022-11-24

Similar news:

You may like

Business 2022-12-19T21:28:53.738Z

Trends 24h

Business 2023-01-27T06:51:29.804Z

Latest

© Communities 2019 - Privacy