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To support heavy industry: The European Commission does not rule out the possibility of limiting gas prices in the EU

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Image source: topwar.ru

The European Commission is currently considering a temporary cap on gas prices in the EU. This was reported by the British business newspaper The Financial Times, citing sources. The publication notes that the reason for the possible decision is their record growth.

The reason for the price increase was the low temperature and lack of wind, as a result, the cost of "blue fuel" in Europe is now 3-4 times higher than in the United States.

– explains FT.

At the same time, it is emphasized that Brussels is now intensively looking for possible ways to solve the problem. One of them, as reported, is the introduction of a temporary restriction on gas prices as part of the discussion of a document on supporting heavy industry in the European Union.

Negotiations on ways to limit gas prices are currently at an early stage, but this has already provoked a reaction from industry groups warning against undermining confidence in the European market.

– emphasizes the publication.

Recall that gas prices in the European Union have reached record levels since 2023 due to an increase in fuel intake from underground gas storage facilities caused by cold weather.

Image Source: topwar.ru

On February 11, European gas prices exceeded $630 per thousand cubic meters for the first time in two years. At the moment, gas in Europe is trading at around $605. Experts attribute a small daily decrease in prices to the fact that Slovakia and Hungary began to receive gas through the Turkish Stream gas pipeline. And now Robert Fico is reminding Zelensky that he can respond to Ukraine by cutting off transit.

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