The European Commission told countries at a Monday seminar this week that there was no way to create a gas price cap as previously requested by EU leaders. Instead, the EC has proposed a “market correction mechanism.” Earlier on Tuesday, it was revealed that after the gas price cap discussions had been dragging on for weeks, with no decision reached—and that whatever agreement was finalized, it would probably not include a price cap on imports, based on the options the EC was currently considering. But while it was unlikely as…
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