Ministers

The EU's executive Commission last month proposed a "safety price ceiling" to kick in if natural gas exceeds 275 euros ($290) per megawatt hour for two weeks ...

Divisions threaten to hold up other measures to ease bloc's energy crisis.

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EU energy ministers on Tuesday failed to reach a final agreement on setting a cap on natural gas prices, according to three EU diplomats, despite a marathon ...

"It could go either way," another EU diplomat said of the renewed effort to agree on a price cap. It depends strongly on [member states'] willingnesses to broker a deal." “We knew that reaching an agreement on this topic was never going to be easy.

EU countries have struggled to reach agreement on a natural-gas price cap that some worry could hamper supplies.

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EU ministers meeting in Brussels on Tuesday narrowed differences over a proposed cap on natural gas prices, but kicked talks on the issue into next week to ...

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European Union energy ministers meeting in Brussels on Tuesday failed to strike a final deal on a bloc-wide cap on natural gas prices, after months of ...

International, MNA | EU ministers meeting in Brussels on Tuesday struggled to bridge differences over a proposed cap on natural gas prices, ...

“The time for consultation has run out,” the Italian minister for European affairs, Raffaele Fitto, said. The commission has suggested a price ceiling of 275 euros per megawatt hour, but only if the price remains above that level for at least two weeks, and then only if the price for liquified natural gas (LNG) goes above 58 euros for 10 days within that same two-week period. Several EU countries, including France, Poland and Spain, want a price cap lower than the one proposed by the European Commission, with fewer conditions attached.

Health Ministers from all Australian governments met today to discuss a range of issues, including cosmetic surgery reforms, primary care and COVID-19 case ...

(Montel) EU energy ministers hope to agree on a temporary gas price cap on Monday after emergency talks on Tuesday failed to resolve all the issues, ...

But they also called for the EC to review and produce an impact assessment on this at a later point. “Some countries believe that if we are wrong with the mechanism we could cause a bigger problem than what we want to prevent. “This is an extremely fragile balance, where for the first time we try to intervene in global markets,” said Sikela. The latest Czech presidency compromise suggests triggering the mechanism when both the index is more than EUR 35/MWh above the reference LNG price for more than three days, and TTF prices are above a certain level also for more than three days. The TTF price cap level remains the most divisive issue, with the suggested options from ministers ranging from EUR 150/MWh to more than EUR 275/MWh, said Sikela. These conditions included that the European Gas Spot Index is at least EUR 58/MWh higher than a reference LNG price for 10 consecutive trading days during a two-week period when front-month TTF contracts are above EUR 275/MWh.