Energy crisis: The gas price ceiling divides the European Union

Energy crisis: The gas price ceiling divides the European Union

Laura van Lerberghe
modified to

07:10, 01 October 2022

Gas price caps divide European Union (EU) countries. France and 14 other European Union countries want to cap the price of all gas entering the EU. This proposal displeases Germany and the European Commission, who fear a gas shortage for Europe.

Should gas prices be capped or not? A sensitive issue for Europe’s energy ministers at a time when rising energy prices are weighing on Europeans’ wallets. France and 14 other European Union countries want to cap the price of all gas entering the Union, which means imposing a lower price on exporters than the current price.

A detailed plan to be presented before the next European Council

Neither Germany nor the European Commission like this proposal. They fear a gas shortage for Europe if no exporting country is willing to sell at the prescribed price. For the Commission, the European Union only needs to cap the price of Russian gas to reduce Russia’s revenues. It prefers to start negotiations to limit the prices of imports from trusted suppliers such as Algeria, Norway or the United States.

These measures are not enough for France and 14 other Member States. In her opinion, we must act quickly and persuade other countries to join her cause. This question will be the challenge of the next few days for the members of the European Union to submit a detailed plan to the Commission before the next European Council.

Reference: www.europe1.fr

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