The EU evaluates the maximum price of natural gas, there is still no consensus
Some countries, including Germany, Europe’s largest economy, oppose any price cap on the grounds that it could create supply problems. On the other hand, Belgium, Italy and Poland argue that the price cap will protect consumers and economies from price rise shocks.
As seen by Reuters, the price cap as part of an offer submitted as a middle ground by the Czech EU president of this term last night, the contract of the Dutch title transfer facility (TTF) with the forward contract The closest is 220 euros per megawatt hour ($2,460 per 1,000 cubic meters) for five consecutive days. ) will be triggered if traded on it.
THERE WAS NO RECONCILIATION
One of the conditions for the cap price to enter into force in the scope of the proposal will be that the TTF, the reference natural gas contract in Europe, is negotiated 35 euros above the indicated average price of liquefied natural gas (LNG). for the price of LNG evaluations
The Czech Republic’s proposal fell short of the €275/MWH proposal submitted by the EU’s administrative unit, the European Commission, on November 22.
EU diplomats, who requested anonymity due to the sensitivity of the issue, reported that the countries have not yet resolved their disagreements and that another assessment is likely to be needed on December 19 after the meeting of EU ministers next Tuesday. .
EU diplomats will assess the Czech Republic’s offer tomorrow and try to move towards an agreement. (Reuters)