The energy ministers considered the Commission’s proposal for a ceiling on Russian gas insufficient

EU energy ministers meeting in Prague failed to reach an agreement on imposing a cap on Russian gas. They then authorized the European Commission to consider other possible emergency measures, such as an overall cap on all imported natural gas. Essentially, the energy ministers returned the Commission’s plan as insufficient and ineffective, which in itself is a problem for its credibility.

The ministers also asked Brussels for draft proposals to cap the revenue of companies that generate electricity from sources other than natural gas. These proposals should be submitted by mid-September.

We will have to continue our work on all fronts, said Energy Commissioner Kadri Simpson, speaking at a press conference after the ministerial meeting.

“We will present next week groundbreaking proposals for an unprecedented situation,” he added.

In a journalistic question about the natural gas cap, he said that “nothing is off the discussion table.

But we are also looking at other ways to reduce prices, it is very important to reduce Russian supply with alternative supplies from reliable partners, it is important to diversify, to make agreements with reliable partners,” he said.

Source: by

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