EU energy ministers fail to agree on cap price for gas
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EU energy ministers at a meeting in Brussels failed to reach an agreement on the maximum gas price, said Hungarian Minister of Foreign Affairs and Foreign Economic Relations Peter Szijjártó.
“A long debate took place at the meeting of the Energy Council, no agreement was reached at the plenary meeting, so the discussions will continue on a bilateral basis,” Szijjártó wrote on his social media page.
Earlier it became known that disagreements intensified in the European Union over the planned setting of a ceiling on gas prices. A group of 12 member states of the bloc, including Belgium, Greece, Italy and Poland, on the eve of an emergency meeting of EU energy ministers, called for a lower ceiling on gas prices from the Russian Federation.
Initially, the European Commission proposed launching a mechanism to limit gas prices subject to two conditions. First, the price of gas exceeds 275 euros per MWh for two weeks. Second, the price of TTF is 58 euros higher than the base price of LNG for 10 trading days.
The EU countries also agreed on a $60 per barrel price cap for Russian oil on December 3, which came into effect on December 5. In addition to the EU countries, the G7 countries, Norway and Australia also joined the ceiling.
The Kremlin has repeatedly stressed that Russia will not supply energy to countries that join the price ceiling.
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