Minister from Italy explains strategy for capping EU gas costs
Date
9/12/2022 3:38:23 AM
(MENAFN) According to Italian Minister of Ecological Transition Roberto Cingolani, the European Commission is anticipated to publish a proposal this month that would impose a broad price ceiling on all gas imports.
The minister claims that a plan to control gas prices has already been developed as well as has received support from 15 member states, including Germany.
Cingolani also mentioned that “the proposal will be issued in September. We are currently working to have a majority to support it.”
Since many months ago, gas costs have been significantly increasing across the union as a result of penalties against Russia over its conflict with Ukraine and a decrease in supplies from Moscow.
Prior to this, European Union leaders had declared their intention to cut gas use by 15 percent from August 1 through March 31, 2023. Regarding the precise actions taken to accomplish the decrease, member states are free to choose.
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