EU countries look to map out path to gas price cap

Headlines 12:29 25 Oct, 2022
EU countries look to map out path to gas price cap

European Union energy ministers will discuss a bloc-wide gas price cap on Tuesday, attempting to navigate their next steps although it is likely to be weeks before any final decisions, Qazet.az report citing Reuters.

Europe has been scrambling to tame high energy prices after Russia slashed gas supplies following its invasion of Ukraine - sending gas prices skywards and pushing European power prices to record levels in August.