2022-11-25 10:31:22

'Heated' and 'really ugly': Europe fails to thrash out details on gas price cap as talks turn sour

By Cnbc Europe Source

Key Points

  • The gas price cap which is in the document currently doesn't satisfy any single country. It's a kind of joke for us, Anna Moskwa, Poland's minister for climate, said in Brussels Thursday.
  • Speaking at a press conference Thursday, Jozef Sikela, Czech minister for industry and trade, also said: we're not opening the champagne yet, but putting the bottle in the fridge.

EU energy ministers fail to agree on a cap for natural gas prices. New emergency meeting due in mid-December.

Kenzo Tribouillard | Afp | Getty Images

BRUSSELS European energy ministers failed to reach a compromise over a cap on natural gas prices after heated, ugly and tough discussions.

The 27 EU leaders agreed in late October to give their political support to a limit on natural gas prices after months and months of discussions on how to best tackle the current energy crisis.

The European Commission, the executive arm of the EU, and the bloc's energy ministers were then tasked to solve their more specific, and practical, differences on the measure.

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