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Europe Gas Falls as Bloc Pauses Decision on Crisis Package

  • Ministers discuss measures to curb high energy prices
  • Temperatures across Europe are expected to fall next month
Updated on

European natural gas prices fell after energy ministries agreed to postpone the formal approval of a package of emergency measures to tame a crisis ravaging the region’s economy. 

Benchmark futures dropped as much as 5.7%. European Union ministers meeting on Thursday were trying to resolve sharp differences over a push to cap prices. A decision has been delayed until mid-December, with a group of countries pushing to toughen the price-cap plan, according to two EU diplomats.