'A Bad Joke': EU Members Fail to Agree on Price Caps for Natural Gas, Russian Oil
The ministers will now meet in the first-half of December once more to resolve the differences between themselves. Czechia energy minister Jozef Sikela, whose country now holds the rotating EU presidency, after the meeting said that 27 member states agreed on two things in principle - joint gas purchasing platform for next year and the acceleration of permits for renewables, news agency Deutsche Welle said in a report
European Union fails to agree on gas price cap, members to deliberate again next month
The European Union energy ministers were unable to agree on a cap on gas prices amid the ongoing energy crisis in Europe. Czech industry minister Jozef Sikela, whose country holds the current presidency of the EU, said on Thursday that the members will meet in December once again in an attempt to come up with a common price cap.
EU Fails To Agree On Gas Price Cap Amid Deep Divisions
EU energy ministers failed on November 24 to agree on a cap on gas prices to mitigate the energy crunch in Europe, amid deep divisions over an initial proposal slammed by many as a "joke."