Concerns that conflict in the Middle East and sabotage of a pipeline in the Baltic could push prices up again this winter
The European Union is considering extending a measure to impose a cap on the price of natural gas, adopted in February, amid concerns that conflict in the Middle East and sabotage of a pipeline in the Baltic could lead to a rise in prices again this winter, according to an article in today's Financial Times.
The European Commission has pointed out that there is “no evidence of negative consequences” since it came into effect. measure and that gas prices are now almost 90% lower than last year, the article cited European diplomats as saying.
With information from Reuters, Financial Times