EU energy chief defends gas price cap proposal after backlash from member states

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EU country diplomats will discuss the proposal on Friday, aiming to negotiate a final version for their energy ministers to approve at an emergency meeting on Dec. 13

The EU has already approved a raft of measures to mitigate the energy crisis, including gas storage filling requirements that have helped countries head into winter with brimming storage caverns.

But gas price caps have split the 27-country bloc. While Italy, Spain, Belgium, Malta and Greece criticized the proposed cap for being too high or unlikely to ever kick in, countries including Germany and the Netherlands are skeptical of capping gas prices – warning that this could deter suppliers from sending much-needed gas to Europe.

 

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