Friday, September 9, 2022

EU Energy Ministers Fail To Reach Decision On Gas Price Cap - Hungarian Foreign Minister - UrduPoint

The EU energy ministers did not reach a decision on introducing a price cap on gas, Hungarian Foreign Minister Peter Szijjarto said on Friday.

"There was no decision today, only a political dispute that served as a guideline for the European Commission.

Currently, we expect that next week or the week following it, not only member states, but also the European Commission will come forward with written realistic proposals," Szijjarto told reporters after an emergency meeting of EU energy ministers in Brussels.

The European Commission prepared a document for an extraordinary meeting of EU energy ministers this week, outlining a number of emergency and temporary measures that can be applied in the bloc to alleviate the situation on the energy market.

1 comment:

  1. En attendant Godot: EU Pressured to Introduce Sweeping Gas Price Cap | Farsnews Agency
    At least ten European countries are pushing for a ceiling on gas prices for all suppliers, not just Russia, for fear of angering Moscow and losing Russian gas completely, Financial Times reported on Friday, citing sources.

    According to the report, Italy, Poland, and Greece are among the proponents of the move. According to a senior EU official cited in the report, “everyone is afraid of the domino effect” if Russia decides to cut off gas flows, because the EU states are interconnected.

    “If you cut off Russian gas only, you infuriate Russia without affecting other suppliers,” the official was cited as saying.

    “Quite frankly the Russians will probably retaliate [to] this,” Nikos Tsafos, the chief energy adviser to Greek Prime Minister Kyriakos Mitsotakis, told the Financial Times.

    Italian Energy Transition Minister Roberto Cingolani recently stated that the bloc should set a “reasonable price,” while advocating a price cap on all gas delivered to the region.

    Belgian Energy Minister Tinne Van der Straeten said capping prices exclusively on Russian gas would be “purely political”, when what EU consumers need is a price cap on all gas supplied to the bloc.

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