Belgium calls for price cap on all gas EU imports, not only from Russia

Belgium calls for price cap on all gas EU imports, not only from Russia


Belgian energy minister Tinne Van der Straeten said that Belgium is in favor of capping wholesale gas prices rather than just a "political" cap on Russian imports only.

Only a general cap on the price of gas imported into Europe, regardless of its origin and form, can ensure the security of supply and reduce electricity bills, the politician explained.

"Our intention first and foremost is to bring prices down. A cap on only Russian gas won't bring prices down," Van der Straeten said. "A cap on just Russian gas is purely political."

"Our proposal is very clear: a cap on all gas prices," Belgian Prime Minister Alexander De Croo added.

However, Norway, which has become Europe’s largest supplier of gas and is making unprecedented profits from the reduction of Russian gas exports to the EU, is reluctant to cap the price of its exports, invoking the reliability of its supply.


Post a Comment

Previous Post Next Post