EU member states on Monday approved a mechanism to cap wholesale gas prices from 180 euros/MWH, Maltese Energy Minister Miriam Dalli said, confirming several diplomatic sources.
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This capping mechanism, put in place after several weeks of tough discussions, will only be activated at a price level above the average international price of liquefied natural gas (LNG) so as not to endanger the gas supplies of the Europe, a diplomatic source said.
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