EU Extends Emergency Natural Gas Price Cap Through January 2025 ...Middle East

OILPRICE - Economy
EU Extends Emergency Natural Gas Price Cap Through January 2025
source : OILPRICE ( Middle East ) () 17
The European Union’s energy ministers approved on Tuesday a plan to extend the emergency cap on natural gas prices for another year until the end of January 2025.   The original cap on gas prices, the so-called “market correction mechanism,” was introduced at the end of last year to shield industry and households from excessive spikes in gas and power prices after the record-high levels seen at the end of the summer of 2022, when Russia cut off most of its pipeline gas supply to Europe.    After…

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