google.com, pub-9501031967421588, DIRECT, f08c47fec0942fa0 EU summit divided over capping price paid for wholesale gas ~ Bharath Bulletin

Thursday, October 20, 2022

EU summit divided over capping price paid for wholesale gas

Prospects of deal seem distant, with Germany and Netherlands fearing any cap could backfire

EU leaders have exposed their differences over how to respond to the energy price shock at a summit dedicated to the war in Ukraine and its consequences.

The leaders are meeting for the second time in two weeks to discuss the fraught issue of capping energy prices, amid a clamour for action over spiking gas prices in the wake of Russia’s invasion of Ukraine.

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