EU Leaders Urge Gas Price Cap Deal as Level Remains Open
- Heads of government call for agreement at Dec. 19 meeting
- Gas market intervention has divided member states for months
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European Union leaders threw their weight behind a quick agreement on a natural gas price cap to put an end to months of political wrangling over an unprecedented intervention to contain the impact of an energy crisis. But they still have yet to settle on a price level.
At a summit in Brussels, the leaders agreed to a joint statement calling on the ministers to “finalize” on Monday their work on the so-called market correction mechanism. A deal on the gas price cap would also unlock a broader package of measures to rein in high energy prices that sent businesses and consumers reeling.