EU Aims to Finish Gas Price-Cap Plan by Late October Summit
- Diplomats warn the bloc’s timetable may be too ambitious
- Von der Leyen says Europe must find ways to ‘tame’ gas prices
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The European Union’s executive arm is planning to urgently prepare several different options for how to cap the price of natural gas as it tries to alleviate an energy crisis, but EU diplomats warned the bloc’s timetable may be unrealistic.
Leaders aim to agree on specific plans when they meet in Brussels for a summit in just two weeks, French President Emmanuel Macron told reporters. After a meeting of European heads of state in Prague, there’s a growing consensus that measures are needed to tackle rising energy prices, but specifics remain scarce. Several countries warned the EU that it needs to move quickly or jeopardize the bloc’s solidarity as nations are starting go their own way.