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EU Leaders Eye Up Multiple Gas Price Caps
EU leaders will meet Thursday and Friday to rubber stamp European Commission proposals for gas price caps in a bid to fight rocketing inflation across the block.
Plans include an alternative benchmark for LNG and joint purchases of gas among member nations, but require a majority support of at least 15 states with at least 65% of the bloc’s population.
Plans to apply the caps to power generation, like in Spain and Portugal, have not been included yet. The Netherlands and Germany have already voiced doubts over the measure, fearing it will drive up demand.
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19 октября 2022