The Limited Times

Now you can see non-English news...

The European Commission is pushing the idea of ​​a gas price cap


As is often the case in Europe, the initial ambition risks being diluted during the negotiation between the Member States.

Slowly, the pieces of the puzzle of European measures to combat energy prices are falling into place.

After long months of reluctance, the European Commission is proposing to act directly on gas prices.

The EU executive proposes three measures.

The most consensual is to impose a unilateral cap on the price of Russian gas.

Admittedly, deliveries from Moscow now represent only 9% of gas imports into the Union.

But if European buyers refuse to pay more than a given tariff, prices will, de facto, drop as well as "

the revenue that Russia can use for its war

", explains a European official.

Contribution on profits

With other gas suppliers, the preferred option is to negotiate acceptable prices, while ensuring security of supply.

The President of the European Commission has been increasing visits and exchanges with Norway and Qatar in particular for weeks.

But Equinor, the Norwegian producer, does not intend to give in...

This article is for subscribers only.

You have 68% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for €0.99 for the first month


Already subscribed?


Source: lefigaro

All news articles on 2022-09-29

You may like

Life/Entertain 2022-10-18T09:43:05.944Z
Life/Entertain 2022-10-07T08:15:35.351Z

Trends 24h

News/Politics 2022-11-29T06:45:26.463Z
News/Politics 2022-11-29T08:39:40.891Z


© Communities 2019 - Privacy