Wednesday, December 14, 2022

EU energy ministers push gas price talks into next week

EU ministers meeting in Brussels on Tuesday narrowed differences over a proposed cap on natural gas prices.

However, the talks on the issue have been pushed into next week to finalise "technical" details.

They did agree two other measures to mitigate Europe's energy crunch, on joint gas purchases and speeding up authorisations for renewable energy installations, but their adoption was contingent on the price cap being settled.

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