Hungary To Vote Against Gas Price Cap - Foreign Minister
Date
12/19/2022 3:33:12 PM
(MENAFN- Trend News Agency) Hungary believes that introduction of a gas price cap is a
mistake and will vote against this proposal, Foreign Minister Peter
Szijjarto told reporters on Monday, trend reports citing tass .
A trial voting took place during the morning session of the EU
energy ministers meeting, with nine countries speaking against the
suggested gas price cap, the Minister noted. Voting will continue
to achieve the consensus. 'However, irrespective of the number of
voting rounds to take place, Hungary will vote today against the
gas cap, because we believe this is an extremely bad measure that
is dangerous for Europe and may jeopardize European supplies of
energy resources,' Szijjarto said, with his statement streamed by
the M1 TV Channel.
Gazprom has already warned it would have to reduce gas supplies
in case of the price limit, the Minister said. 'This will lead to
market narrowing and price growth,' he noted. The Hungarian
government believes EU countries should endeavor to diversify
energy sources and routes of energy supplies to Europe instead of
sanctions and restrictions, Szijjarto added.
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