After almost two years of investigation, the EU's Competitions Commissioner Margrethe Vestager is now so pleased with the concessions made by Russian gas company Gazprom, that she believes that the company lives up to EU rules. Before the agreement closes, however, it shall be sent to consultation among parties in the energy markets.
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European lawmakers demand action to rein in gas prices, and the EU Commission has drafted a plan. However, gas prices constitute tricky puzzle: No matter how it’s approached, Europe faces an energy shortage in the next six months. The only way to help consumers is through aid, but this is a potentially costly and dangerous path, says analyst.