European Gas Rises as EU Seeks Consensus on Plans to Ease Crisis
- Bloc seeks to curb power consumption, provide market liquidity
- Germany aims for quick power-price cap, but warns against gas
This article is for subscribers only.
Natural gas advanced with supply risks still in focus as the European Union continued to work out the details of its plans to ease the worst energy crisis in decades.
Benchmark futures settled 4.2% higher, ending two sessions of consecutive declines. The European Commission, the bloc’s executive arm, is due to unveil its proposals this week. Member states, which are divided, still have to sign off on the plans.