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European Moves to Cap Gas Prices Are Hypocritical, Qatar Says

  • Qatar’s energy minister says free market “best solution”
  • Qatar Energy aims to become world’s biggest liquid gas trader
Bloomberg business news
WATCH: Qatar’s Energy Minister Saad Al Kaabi discusses Asia’s energy market and what Qatar will want to see from COP27.Source: Bloomberg

European proposals to set limits on the price paid for natural gas are “hypocritical,” Qatar’s energy minister Saad Al Kaabi said in an interview with Bloomberg TV.

The European Commission intends to propose a cap on gas prices using a dynamic price mechanism, which could be in place as soon as this winter, in an effort to curb volatile fuel costs.