The European Commission will summarize the ministerial proposals and present its proposals to member states next week.
EU energy ministers failed to reach an agreement on a price cap for Russian natural gas. The Associated Press reported this on Friday, September 9th.
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“Russia has used its gas supplies as a weapon to fuel the energy crisis next winter, as well as to weaken our economy and politically divide the European Union. We must ensure that their efforts fail,” said by European Energy Commissioner Kadri Simson.
Czech Industry Minister Josef Sikela, chairman of the emergency meeting, told colleagues: “We cannot be blackmailed.”
He hopes to overcome other differences of opinion on proposals to restore the affordability of natural gas and electricity prices.
The proposed measures range from windfall levies on oil and gas companies whose profits rise as prices rise, to more cash for companies to keep operating as they grapple with volatile energy markets.
Several ministers said it would be difficult to reach an agreement because of each country’s mix of energy, supplies and needs, but they acknowledged that time is of the essence if Europe’s most vulnerable people are to receive timely help
The ministers will deliver their views to the European Commission, which will present and summarize them and present their proposals to Member States next week. After that, the EU countries will again carry out an assessment, and it is expected that a decision can be made in early October.
In this regard, the European Commission has called for a ceiling on gas prices in Russia and is seeking a “solidarity contribution” from European oil and gas companies that have received incredible profits from the increase in energy prices.
Earlier, the media reported that the European Union did not agree to the introduction of price limits for Russian gas. At least 10 countries are demanding capping of gas prices for all suppliers.
It will be remembered that the other day, Russian President Vladimir Putin announced the possibility of a complete stoppage of gas supplies to the EU in the event of a price cap for Russian energy sources.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.