10/25/2022, 10:17 AM (Source: TeleTrader)
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F GAS-2.01%

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No EU decision on gas price mechanism today - Habeck

European Union energy ministers will not decide on the gas price cap at today's meeting in Luxembourg, with the decision being expected at the next European Council, according to Germany’s Economy Minister Robert Habeck (pictured).

Habeck elaborated that joint EU purchases remain the best way to keep the gas price low.

In a separate statement, Estonia's Economy Minister Riina Sikkut confirmed the EU won't reach a final decision today, adding that the compromise should be easier to negotiate now that gas prices have retreated from their recent highs.

Baha Breaking News (BBN) / MX