EU mulls capping gas price at biggest trading hub – media ...News

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EU mulls capping gas price at biggest trading hub – media
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The measure would be temporary and target virtually all gas transactions in Europe Brussels is exploring an emergency mechanism aimed at curbing the price of natural gas by setting a cap on transactions on the Dutch Title Transfer Facility, Bloomberg reported on Sunday, citing a draft proposal from the European Commission. According to the report, the EU plans to set a maximum “dynamic price” at which gas transactions on the hub can take place. Its main index, the TTF, is a benchmark for all gas traded in the bloc. The measure would allow Brussels to intervene in cases in which gas prices reach extreme levels, whi

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