EU leaders are meeting again towards the end of the month, and they will aim to find a gas price policy that can please all its members and, most importantly, the sellers.
Internal divisions are deepening within the EU as countries attempt to lower the price of natural gas while also ensuring they secure enough of it.
As heating season begins, EU member states are turning on each other in their increasingly desperate attempts to secure enough gas to last until spring and to ensure that it is affordable. Some believe this could indeed lead to radical measures that would lower prices. Others are not so sure. A group of 15 member states suggested last month that the EU caps the price of all gas imports to manage its expenses. They did not comment on what LNG sellers might have to say about that idea, insisting that this was the only way to ensure gas is affordable for Europeans in what is shaping up to be the harshest winter for Europe in generations, regardless of the weather.
Germany, for instance, has managed to turn a lot of European states against it after it announced a 200-billion-euro aid package for businesses and households to cope with soaring energy prices. Naturally, less wealthy EU members weren’t happy with that. They were even less happy that Germany opposed a gas price cap.
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