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11/24/2022, 1:54 PM (Source: TeleTrader)
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Gas price cap talks to resume in December - Hungary

Hungarian Foreign Minister Peter Szijjarto said on Thursday that the European Union energy ministers didn't come to a decision with regard to capping the prices of gas, adding that the discussions are set to continue in December.

"Today we started negotiations on the introduction of a ceiling on gas prices. I can say that these are bad proposals, which threaten Europe's energy security," Szijjarto stressed during a press briefing. The Hungarian foreign minister explained that many countries defended the viewpoint that "it is impossible to make decisions on solidarity measures in the gas market without erroneously interfering in the work of the gas market."

He shared that the next meeting will be held on December 13. Regarding the oil price cap on Russia, Szijjarto noted that Hungary got exempt from it.

Baha Breaking News (BBN) / AY