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EU Commission still exploring Russian gas price cap, energy chief says

EU Commission still exploring Russian gas price cap, energy chief says

Reuters · 09/14/2022 08:43
EU Commission still exploring Russian gas price cap, energy chief says

- The European Commission still wants an EU price cap on Russian gas, but more work is to assess the impact of the measure, European Union energy commissioner Kadri Simson said on Wednesday.

"We continue to believe that a gas price cap on Russian pipeline imports is warranted, but more work is to assess adverse impacts on some member states," Simson said, adding that Brussels was analysing how a broader price cap on all EU gas imports could work.

The Commission mooted a Russian gas price cap earlier this month, but EU countries rejected the idea, with some worried Moscow would retaliate by cutting off the remaining gas it still sends to Europe.


(Reporting by Kate Abnett, Marine Strauss)

((Kate.Abnett@thomsonreuters.com;))