- EU leaders are set to ask the bloc’s executive at a summit this week to come up with a proposal for capping the price of gas imports in a bid to curb prices.
- A declaration still being negotiated for the meeting in Prague on Friday, invites the European Commission to work on “proposing workable solutions to reduce prices through gas prices cap”.
- Other priorities listed in the draft EU summit statement include “speeding up negotiations” with foreign countries for additional gas supplies, “developing a more representative benchmark for LNG” that better reflects current market conditions and speeding up work to “limit price volatility” on financial markets.
Leaders to call for ‘workable’ price cap on gas at EU summit
