Skip to content

EU to Offer Last-Resort Plan for Gas-Price Cap on Dutch Hub

  • European Commission is drafting regulation to curb energy cost
  • Leaders will discuss soaring gas prices at summit this week
An LNG tanker in the Port of Rotterdam in Rotterdam, Netherlands.

An LNG tanker in the Port of Rotterdam in Rotterdam, Netherlands.

Photographer: Jasper Juinen/Bloomberg

The European Union is set to unveil a proposal that would limit surging prices on the bloc’s biggest gas-trading hub. But it may only ever be used as a last resort. 

The European Commission is drafting a temporary dynamic price limit for transactions on the Dutch Title Transfer Facility, whose main index is the benchmark for all gas traded on the continent. Yet as part of an intervention package to be proposed on Tuesday, it will stop short of putting forward a detailed proposal to make it work immediately, according to a draft of the EU document seen by Bloomberg.