- The European Commission is walking away from the idea of proposing a price cap on Russian gas as part of measures to tackle the energy crisis, the Guardian reported on Tuesday, citing a leaked draft document of proposals it had seen.
- The draft document, expected to be unveiled on Wednesday, contains no reference to any price cap on gas, be it Russian or not.
- The European Commission is wary of this idea because a cap would hurt Europe’s ability to draw in large volumes of LNG if prices elsewhere are higher.
EU Scraps Price Cap On Russian Natural Gas
