EU energy ministers likely to pass gas price cap today

After a tumultuous autumn in energy affairs, it’s now likely that EU energy ministers will ratify the hotly debated issue of regulating the cost of natural gas in Europe, thereby also enabling passing of other directives.
EU Commissioner for Energy Kadri Simson and Czech Minister of Industry and Trade Josef Sikeal are expected to end negotiations about a gas price cap in Europe on Monday. | Photo: Valeria Mongelli
EU Commissioner for Energy Kadri Simson and Czech Minister of Industry and Trade Josef Sikeal are expected to end negotiations about a gas price cap in Europe on Monday. | Photo: Valeria Mongelli
BY LOUISE WENDT JENSEN, TRANSLATED BY DANIEL FRANK CHRISTENSEN

After two failed attempts to reach agreement, EU energy ministers will expectedly ratify the market correction mechanism to limit the continental price of gas.

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