EU Weighs Gas Price Caps and Benchmarks to Combat Russian Squeeze
- Energy ministers to discuss emergency energy measures Sept. 9
- EU to debate setting a price ceiling on Russian gas imports
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The European Union is weighing new gas benchmarks and price caps as Moscow’s tightening supply squeeze forces the 27-nation bloc to assess drastic measures to curb spiking energy costs.
EU leaders are coming under increasing pressure to address soaring prices before winter after Gazprom PJSC decided not to turn the crucial Nord Stream pipeline back on after maintenance. Ministers are due to debate on Friday the form of a planned emergency intervention in the energy market.