Ministers advise – EU seeks a way out of high energy prices

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EU energy ministers will discuss further measures against high energy prices in Luxembourg on Tuesday. Discussions are likely to arise about a possible upper limit on the price of gas.

At the EU summit last week, after lengthy negotiations, an agreement in principle was reached to look further at a price ceiling for gas. Austria had spoken out against a price cap for Russian gas imports.

The EU energy ministers will now discuss further how the joint gas purchases that have also been agreed and a possible gas price cap can be implemented. They should also investigate how price fluctuations as a result of speculation on the gas market can be avoided.

Source: Krone

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