Categories: Business

EU to propose natural gas price cap after Nov. 24 meeting


Thu, 2022-11-17 12:33

SHARM EL-SHEIKH: The European Commission plans to propose a cap on natural gas prices after Nov. 24, as it seeks to contain an energy crisis stemming from Russia’s invasion of Ukraine, the EU’s energy policy chief told Reuters.

The 27-country EU has for months debated whether to cap gas prices, as the bloc struggles to contain soaring inflation and energy prices driven by Russia slashing gas supplies to Europe.

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