The European Commission (EC) published a proposal on Tuesday that outlined the steps companies could take to group buy natural gas, how natural gas can be shared between EU countries, and a temporary measure to cap the price of natural gas, a source told the Wall Street Journal on Tuesday. The gas price cap part of the proposal will be for the EU’s benchmark gas contract known as the TTF—but the cap proposed here is not the full price cap that the EU has been discussing and debating for months. Instead, the cap is proposed only as a…
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