site.btaUPDATED "EU Gas Price Cap Is Only Being Discussed", Bulgarian President Says

"EU Gas Price Cap Is Only Being Discussed", Bulgarian President Says
"EU Gas Price Cap Is Only Being Discussed", Bulgarian President Says
Bulgarian President Rumen Radev (AP Photo)

"Setting a gas price cap at the EU level is only being discussed at this point," Bulgarian President Rumen Radev told journalists after an informal European Council meeting in Prague on Friday. He said that Member States have their differences regarding how they receive natural gas, whether it is piped or liquefied, and the amount of the fuel in their energy mix. 

The head of State added that the mechanisms to tackle the price crisis have yet to be discussed. He said that EU leaders at the meeting recommended to the European Commission (EC) to propose steps to manage prices and reform the European gas market. These proposals will be considered at the next European Council meeting on October 20. 

Many EU countries have asked Brussels to propose a cap on gas prices, but Member States are not reaching an understanding on how exactly to implement it. Germany, the Netherlands, and Denmark oppose this measure, fearing that it would disrupt the market and make it harder to buy the gas they need for their countries.

/VE/

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By 11:59 on 01.02.2023 Today`s news

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