Belgium Blocks EU Energy Agreements| MENAFN.COM

Sunday, 04 December 2022 07:44 GMT

Belgium Blocks EU Energy Agreements

(MENAFN- Kuwait News Agency (KUNA)) BRUSSELS, Nov 24 (KUNA) -- Belgian Energy Minister Tinne Van der Straeten said her country refuses to sign any European Union energy agreements until the European Commission has modified its proposal on a price ceiling for gas.
She announced this position at the start of the meeting of EU energy ministers in Brussels on Thursday, according to Belga news agency.
Two days ago, the European Commission unveiled a proposal for a gas price ceiling of 275 euros (USD 286) per Megawatt/hour.
'It's insufficient proposal,' said Van der Straeten.
Under the Commission proposal, gas transactions would be blocked when the price rises above 275 euros per Megawatt/hour.
EU ministers are looking at several energy measures today but Belgium is holding out for a 'workable proposal' from the European commission, added Belga. (end)


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